The dollar’s value is increasing noticeably.
The U.S. Dollar Index (DXY), which measures the value of dollar against other major currencies, has gained 1.08% over the last two trading days, its best two-day gain since July 31.
The latest push comes as the third estimate of gross domestic product growth was revised to 3.8% versus 3.3% earlier. Stronger economic data tend to boost the value of local currencies due to increasing demand.
www.barrons.com
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