Dollar powers through, eyes best year since 2015

Dollar eyes best year since 2015; Fed rate path, China reopening to set tone

The U.S. dollar index , which measures the greenback against a basket of currencies, has surged more than 8% this year, the most since 2015. It was last firm at 103.99.

"I expect the king dollar to lose its crown and the dollar to make a more decisive turn by the middle of next year," Bank of Singapore currency strategist Moh Siong Sim said. The single currency had dipped below parity against the dollar earlier this year for the first time in almost two decades.

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