Dollar hits two-month high on rate hike bets
The dollar rose to a two-month high on Wednesday as markets priced in further interest rate hikes by central banks. Meanwhile, oil prices eased amid diplomatic efforts regarding the Middle East conflict.
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The United States dollar touched a two-month high on Wednesday morning, climbing 0.16% to 100.71 as traders weighed imminent interest rate hikes. The move reflects mounting global inflation concerns driven by escalating tensions involving Iran and Israel in the Middle East.
