Dollar approaches one-year high
The dollar rose sharply, breaking the 1.14 level against the euro, reaching its highest level in 13 months at 1.1325 dollars, amid expectations that the strength of the US economy would support short-term interest rates. As a result, gold prices dropped to their lowest in seven months, and there are forecasts of Bitcoin falling below $60,000, while the US Dollar Index reached its highest level in a year at 101.8.
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