The U.S. dollar climbed to its highest level in two months, with the dollar index reaching 100.39, slightly stronger than its previous close. This surge came after the Federal Reserve indicated a more aggressive approach to interest rates, with nearly half of policymakers now anticipating a rate hike this year. The dollar saw a significant 0.85% jump, marking its largest single-day increase in over three months.
Money markets are now pricing in an
