US Dollar Hits 16-Month High Against Euro and Franc
The US dollar reached 16-month highs against the euro and Swiss franc as Treasury yields hovered above 5 percent. Investors awaited key economic data and monitored Federal Reserve rate hike signals.
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The dollar touched 16-month highs against the euro and Swiss franc on Tuesday as United States Treasury yields hovered near multi-year highs. The greenback climbed as traders positioned themselves ahead of crucial economic data releases. Markets weighed shifting interest rate expectations across major economies.
