US Dollar Surges to Around 99.50, Affected by Fed's Hawkish Stance and Middle East Situation

Gate News Report, March 20 — The US dollar surged significantly in the global market, approaching the 99.50 level. The rally was mainly driven by two factors: first, the Federal Reserve maintaining a hawkish stance (favoring interest rate hikes or keeping rates high to control inflation), and second, ongoing geopolitical tensions in the Middle East.

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