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As the Fed raises interest rates, “King Dollar” rises.

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The dollar will rise for a third consecutive month.

After reaching a 20-year high versus its competitors, the dollar will rise for a third consecutive month.

This trend illustrates different interest rate and economic outlooks across the world’s main nations and will likely cause the dollar to rise for a third month.

The dollar index, which compares one currency to a group, is 14% higher than at the start of the year.

Fed Chairman Jay Powell stated last week at Jackson Hole that raising interest rates to avoid inflation has strengthened the dollar.

Rising energy costs in Europe, worsened by Russia’s conflict in Ukraine, have contributed to the dollar’s strength compared to other currencies.

According to Christian Kopf, who is in charge of fixed income investments at Union Investment, “Everything is pointing towards a stronger dollar.”

According to what is said in the article, “The dollar is generally untouched by the recent spike in oil prices, particularly in Europe.”

In contrast, the value of the pound and the euro have decreased by 7.4% and 6.6% respectively during the last three months,

Dollar value has risen. During the same time span, the Swiss franc and Japanese yen both fell 1.5% and 7.1%.

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