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Dollar just closed it's strongest week since 2022

The dollar is up 1.7% this week against other currencies bringing in the strongest performance since September 2022. Driven by the higher than expected CPI print, traders reversed bets on early interest rate cuts by the FED.

On Friday, fears of an impending escalation between Iran and Israel may have also contributed to the rise of the dollar. The EUR and GBP fell to their weakest levels against the dollar since November.


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