Interest rate hikes boost dollar to 13-month high

The dollar rose sharply to its highest level in 13 months, driven by investor expectations of ongoing increases in U.S. interest rates, leading to a jump in the dollar index to 101.8 points. Additionally, the American currency broke the 1.14-dollar level against the euro, reaching 1.1325 dollars, with expectations of a rate hike starting in October. This resulted in a decline in gold and Bitcoin, while yields on two-year U.S. Treasury bonds soared to 4.15%.

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