Today, the exchange rate of the dollar has reached the maximum of the last two years in relation to the main world currencies.

Axar.az reports that the dollar index was above 110 points for the first time since November 10, 2022.

The main reason for the increase was the publication of employment data in the United States. The number of new jobs beat analysts' expectations, which could prompt the Federal Reserve to slow interest rates.

In addition, the dollar reached two-year highs against the euro and the British pound. This process started after Donald Trump won the presidential elections in the United States. The market expects the policymaker to start implementing the promised export duties and tax cuts, which will accelerate inflation and eventually stop interest rate cuts.