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Dollar Index Hits Highest Since April 2025 as Euro Sinks on Costlier Crude Oil
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The Dollar Index has broken its June peak and trades near 102.10, its highest level since April 2025, as the Euro sinks on dearer Crude Oil. The index has risen on every day since Monday, even as the odds of an October Fed rate hike have roughly halved over the same period. Rather than tracking the odds for the Fed's next meeting, the index is moving with Crude Oil and the Euro.