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Market Impact: 0.68
Dollar Soars as Fed Hikes Rates and Signals More to Come
Source: Nasdaq
Currency & FXMonetary PolicyInterest Rates & YieldsEconomic Data
The U.S. dollar index rose 0.64% to a 1.5-month high on Wednesday, supported by stronger-than-expected August retail sales and the Federal Reserve's interest-rate increase. The move reflects improving U.S. growth signals and a hawkish policy backdrop, both of which strengthened demand for the dollar.
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