The dollar is rallying again after floundering for most of the past year, another sign that global growth momentum may be shifting back to the U.S. and away from other major economies. Signs of stronger U.S. economic growth and inflation are becoming a central focus of financial markets, helping lift the dollar to its highest level since January. Yields on the U.S. 10-year Treasury note last week crossed over 3% for the first time since 2014, evidence that part of the economy is returning to more normal conditions after a long stretch when bonds yields had hovered near historic lows. The U.S. economy grew at 2.3% in the first quarter, according to government data released on Friday, expanding faster than the 1.8% analysts were expecting. A rise in the employment-cost index also signaled rising wages, analysts said. If Friday’s closely watched jobs report shows wage growth approaching 3%, as […]