Publisher: Maaal International Media Company
License: 465734
Friday, 18 April 2025
US Dollar hits 20-year high on inflation fears
The U.S. dollar rose on Monday hitting a fresh two-decade high in line with higher treasury yields and Chinese lockdown.
The US dollar index rose to 104.19, the highest since July 2002, gaining 9% year to date.
This came after last week decision taken by the Federal Reserve which hiked the interest rate by 50 pbs to 0.75%-1.00% range.
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