Business Insider - Fed hawks paved way for soaring dollar

Jan Szilagyi, CEO of investment research firm Toggle AI, told [Business Insider that] investors have flocked to the greenback because markets recognize policymakers are behind in their inflation battle.

"The U.S. currency tends to increase in value against other currencies when the U.S. economy is extremely weak — often a time of heightened risk aversion — or very strong," he explained.

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