Dollar index advances for second month
The dollar index rose to around 101.2, with expectations of a second consecutive monthly gain, supported by the Federal Reserve's outlook to raise interest rates multiple times this year. It has achieved over a 2% increase, marking the strongest performance in a month since July of last year. Investors are awaiting the upcoming U.S. employment report for hints about the Federal Reserve's monetary policy direction. Meanwhile, the United States and Iran are resuming peace talks in Doha, despite ongoing disagreements over traffic movements through the Strait of Hormuz.
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