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Market Impact: 0.35
Dollar Posts Modest Gains Ahead of Expected Fed Rate Hike
Source: Nasdaq
Currency & FXEconomic DataMonetary PolicyInterest Rates & Yields
The U.S. Dollar Index rose 0.09% to a two-week high after August retail sales increased more than expected, signaling resilient U.S. economic growth. The dollar was also supported by expectations that the Federal Reserve will continue raising interest rates, reinforcing a hawkish policy outlook.
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