Dollar Rises to 2-Year High After Strong Data Dims Rate-Cut Prospects
Early Monday in Europe, the dollar hit a two-year high of $1.0208 against the euro and $1.2123 against the British pound, according to FactSet. The DXY dollar index, which tracks the currency's value against a basket of currencies, reached a two-year peak of 109.977.
A stronger dollar is typically associated with higher dispersion during earnings season, Morgan Stanley's Mike Wilson says.
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