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Dollar gains traction as Fed speakers warn of risks from inflation

SINGAPORE: The dollar held gains near a two-week high in early Asian trade on Wednesday as a hotter-than-expected inflation report and hawkish comments ​from Federal Reserve officials fuelled bets the central bank will raise rates next ‌month. The US dollar index , which measures the greenback’s strength against a basket of six currencies, was steady at 102.22, closing in on its highest level…

First reported by Business Recorder 1 source
Image: Business Recorder
Image: Business Recorder
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  1. Business Recorder

    Dollar gains traction as Fed speakers warn of risks from inflation (opens Business Recorder in a new tab)

    SINGAPORE: The dollar held gains near a two-week high in early Asian trade on Wednesday as a hotter-than-expected inflation report and hawkish comments ​from Federal Reserve officials fuelled bets the central bank will raise rates next ‌month. The US dollar…

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