Dollar hits 17-month high amid euro and yen drops

The dollar index rose to its highest level in 17 months, reaching 102.08 points, while the euro declined to $1.1237 and the British pound to $1.3187. U.S. Treasury yields also climbed to their highest level since 2002 at 5.344%. This comes amid declining expectations of a U.S. interest rate hike and weakness in the European and Japanese currencies, as investors await the American jobs report, which could influence Federal Reserve decision-making.

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