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U.S. dollar ascends to fresh two-month high on inflation worry, Fed hike expectations
Source: The Globe and Mail
Currency & FXInterest Rates & YieldsMonetary PolicyEconomic Data
The U.S. dollar reached a fresh two-month high as Treasury yields increased and markets raised expectations for additional Federal Reserve rate hikes. Hawkish comments from multiple Fed officials and resilient economic data reinforced a higher-for-longer rates outlook, supporting the dollar and pressuring rate-sensitive assets.
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