Dollar reaches one-year high on rate hike bets

The US dollar rose to its highest level in over a year, supported by increased expectations that the Federal Reserve will raise interest rates before the end of the year, amid rising Treasury yields and expectations of a hawkish monetary policy. This coincided with volatility in other currencies such as the British pound and the euro, as well as global political and economic impacts, while markets await important US data to support monetary policy directions.

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