The US dollar has reached a two-year high, buoyed by robust economic data that has diminished expectations for imminent interest rate cuts. This upward trend reflects traders' focus on US rates and tariffs, as they navigate the implications of upcoming economic indicators, including the Consumer Price Index (CPI) and bank earnings. Analysts note that the dollar's strength is tied to fading bets on rate reductions, prompting a cautious approach among traders ahead of key financial data releases.