image: AP/Carolyn Kaster

The dollar hits its best level since January

May 1, 2018

The US dollar hit its best level in nearly four months on Tuesday as traders ready for Wednesday’s Fed meeting and a flurry of economic data.

The US dollar index, which measures the greenback versus a basket of its major peers, was up 0.47% to 92.25 early Tuesday — a level not seen since January 11.

The uptick comes amid a months-long rally for the currency, culminating in a 2.5% rise over the past two weeks.

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