Dollar Rally Hits 110: What’s Driving It? 💵🚀
The U.S. dollar is surging, hitting a two-year high and approaching the 110 mark. 📈 This rally is fueled by strong U.S. economic data and expectations of more interest rate hikes from the Federal Reserve.
Key Factors:
1. Strong U.S. Economic Data – Positive job reports boost the dollar. 📊
2. Fed’s Hawkish Policy – Anticipation of rate hikes strengthens the dollar. 🔼
This surge impacts global markets, including the weakening of currencies like the Indian Rupee. 🌍💸
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