Meanwhile, the dollar rose on Friday, trading near a 10-day peak after U.S. consumer prices data showed a build-up of inflation pressure that would allow the Fed to raise rates as many as four times this year. The U.S. Dollar Index that tracks the greenback against a basket of currencies was up 0.7% at 94.87
The dollar has benefited this week from the trade conflict concerns that emerged earlier, which ended up funneling safe-haven bids into the currency.
On top of that, the U.S. economy has shown it is doing well and Treasury yields have risen, and these factors are all helping the dollar. On top of that, the U.S. economy has shown it is doing well and Treasury yields have risen, and these factors are all helping the dollar.
Source: Investing
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