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Market Impact: 0.35
Dollar Advances and Gold Falls on a Hot US CPI Report
Source: Nasdaq
Currency & FXInflationMonetary PolicyInterest Rates & YieldsEconomic Data
The dollar index rallied 0.61% to a 1.5-year high after stronger-than-expected U.S. September CPI bolstered speculation that the Federal Reserve will keep interest rates higher for longer. The article text is truncated before giving further details on the change in Fed-rate expectations.
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