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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