The US dollar has experienced a significant rally, driven by a strong economy and the "Trump trade." According to recent reports, the dollar's value has increased by nearly 50% over the past year. The strengthening currency is attributed to a combination of factors, including robust economic growth, low unemployment rates, and the implementation of pro-business policies under the Trump administration.

Source: https://www.ft.com/content/5f545c98-cfd2-432a-97b4-288d8f4cebb7