Dollar strength strengthens as war in Ukraine deepens

The escalating conflict between Russia and Ukraine has prompted investors to rush into safer assets, propelling the dollar to its highest level since coronavirus-induced volatility two years ago.

The ICE US Dollar Index, which tracks the currency against a basket of others, hit 98.92 last week, its highest level since May 2020. It ended the week with a 2.1% jump , one of the most important of the last five. years.


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