Dollar Reaches a Two-Decade High: Concerns that stronger monetary policies to combat rising inflation will harm the global economy dampened risk sentiment and sent investors into the safe-haven currency on Thursday, sending the dollar to new two-decade highs.

Wednesday’s data reveals…

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The dollar index, which measures the strength of the greenback against a basket of six currencies, climbed 0.4 percent to 104.44, the highest level since December 2002.

Consumer price rise in the United States dropped substantially in April, indicating that inflation had likely peaked, albeit it was expected to remain high.
Source: https://www.heartzfx.com/dollar-reaches-a-two-decade-high-nervous-investors-seek-refuge/