Economic data
Dollar Advances to Highest Since May 2025 on Fed Hike Views
The dollar strengthened to the highest level in over a year as hot US inflation reading pushed traders to add to bets that the Federal Reserve will raise interest rates.
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More on Economic data
- Hot September CPI inflation keeps Fed on course for further tighteningAnnual headline and core CPI inflation both accelerated and beat market expectations in September
- Fed rate hike seen more likely after inflation data - ReutersFed rate hike seen more likely after inflation data Reuters
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