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2024

Dollar climbs for the week, cyber outage unsettles investors

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CrowdStrike's cyber outage impacted banks and airlines, raising the dollar index amid volatility. US economic data, Fed rate cut speculations, and Europe’s steady rates influenced currencies. Yen fluctuated due to BoJ interventions, UK retail sales drop, and Japanese inflation. Bitcoin and Ethereum gained. CME's FedWatch Tool aided market predictions. Analyst Michael Brown commented.