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Dollar index reaches 101.36 before jobs report
The dollar index experienced a slight rise, reaching 101.36 points, with expectations of an increase in its value during the current month depending on upcoming U.S. employment data, which could influence the Federal Reserve's decision on interest rates. This comes amid geopolitical tensions in the Gulf region and increased demand for the dollar as a safe haven, in addition to rising oil prices and declines in major currencies such as the euro and the British pound. Forecasts suggest that the index is on track to achieve its largest monthly gain since July of last year, driven by investment attractiveness expectations and rising interest rates.
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