Dollar reaches 13-month peak
The dollar continues to rise, reaching its highest level in 13 months against a basket of currencies, amid expectations of a U.S. interest rate hike and tensions in the Middle East. The dollar index hit 101.44, with the greenback closing near May 2025 levels. Meanwhile, the euro fell to $1.1375, and the British pound to $1.3199. The yen traded at 161.57 against the dollar after a temporary drop to its lowest level in two years.
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