U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration
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BENGALURU, Sept 7 (Reuters) – The dollar will remain a force to reckon with over the remainder of this year and into the next as U.S. interest rates rise and the economy outperforms its peers, reinforced by its safe-haven appeal when investors choose to worry, according to a Reuters poll.
Backed by a strong U.S. economy still creating jobs at a consensus-beating pace, the Federal Reserve has ramped up its fight against inflation by hiking interest rates much quicker than most of its peers. That has helped the dollar turn in one of its best performances in at least a decade.
The dollar index which was up around 15% for the year touched a fresh two-decade high of 110.55 on Tuesday.
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