- The US dollar surged to its strongest point in 10 months against a basket of rival currencies Tuesday.
- The euro hit its weakest since December 2022 following almost a 1% drop Monday amid hawkish Fed comments.
- The pound dropped to its lowest level since March, down 0.26%.
On Tuesday, the US dollar surged to its highest level in 10 months against a basket of rival currencies, while the euro, pound, and yen all fell to multi-month lows.
The US Dollar Index, which tracks the buck against six other currencies, has climbed 2.76% over the last four weeks. On Tuesday it was up to 107.16, a level it hasn’t seen since last November.
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