The U.S. dollar firmed against its major counterparts on Friday and the dollar index rose to a fresh 2-year high, buoyed by hawkish remarks from a Federal Reserve policy maker supporting aggressive interest rate hikes to counter inflation.
St Louis Fed President James Bullard said on Thursday that the central bank remained "behind the curve" on interest rates and preferred to raise the federal funds rate by another 3 percentage points by the end of the year.
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