The Invesco DB US Dollar Bullish (NYSEArca: UUP) rose 0.3% on Friday after advancing 2.1% over the past week. UUP tracks the price movement of the U.S. dollar against a basket of currencies, including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. The greenback was on pace for its biggest two-day percentage gain against a basket of major foreign currencies in 15 months on Thursday, and was hovering around its highest level since mid-April after the Fed outlined its first projected rate hike into 2023 to combat rising inflation, Reuters reports.