U.S. Dollar Hits Two Decade High: Here’s What That Means

Updated Aug 29, 2022, 08:26am EDT Topline The U.S. dollar hit a two-decade high on Monday, responding to Federal Reserve Chairman Jerome Powell’s comments that the central bank will continue to tackle inflation “forcefully”—signaling further interest rate hikes. Key Facts The Dollar Index—which measures the U.S. currency against a basket of six other major currencies—rose…

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