The ICE U.S. Dollar Index rose on Friday to as high as 104.67, its highest level since about Jan. 5, as a stream of strong data had traders factoring in a growing chance of a half-a-percentage-point Fed rate hike in March. The index, which was up 0.1% at 103.97 as of the New York afternoon, came as rates on 1-month to 6-month bills also went higher. Meanwhile, major stock indexes were down in afternoon trading, led by a 1.4% drop in the Nasdaq.

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