The dollar has reached a 20-year high as data points to an aggressive Fed.

image credit: Google.com created by Team Khichdiworld

The dollar index reached a 20-year high--- and a 24-y

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24 year high against the rate-sensitive Japanese yen,.

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after data from the United States showed a resiliently strong economy,

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giving the Federal Reserve more leeway to raise interest rates aggressively to combat inflation

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The U.S. currency strengthened after a government report showed that

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the number of Americans filing new claims for unemployment benefits declined further last week,

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consistent with strong demand for workers and tight labor market conditions.

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thanks for reading

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