War surge boosts dollar to two-month high
The dollar hit its highest level in two months at the start of the week, supported by a strong US labor market report that increased bets of another interest rate hike by the US Federal Reserve this year. Major currencies such as the euro, British pound, Australian dollar, and New Zealand dollar fell against the dollar, while market expectations rose for the possibility of the Federal Reserve raising interest rates twice by 25 basis points in the coming months.
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