The dollar has jumped up a notch of late. The strength could easily last a while.
The U.S. Dollar Index (ticker: DXY), which shows the dollar’s value against a basket of currencies, went above 92 on Friday, reaching its highest level since late November. The greenback is up about 2% in the past two weeks.
Driving the gains have been an increasingly bright outlook for the U.S. economy. Daily Covid-19 vaccine inoculations have run at a strong pace, a trend that began in January, when shots were finding arms at a pace several times greater than in December.
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