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Dollar rises to 19-month high as Fed hike bets grow, yen softens

TOKYO: The dollar climbed to a 19-month high against major peers on Thursday, supported ‌by growing expectations of a Federal Reserve rate hike, while the yen edged toward the key 160-per-dollar level following a dovish central banker’s speech. Traders ramped up bets on further Fed tightening after stronger-than-expected October inflation data and a series of hawkish remarks from US central bank…

First reported by CNA Latest report 2 sources
Image: Business Recorder
Image: Business Recorder
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Every report we found on this story, oldest first. Each links to the original publisher.

  1. CNA

    Dollar rises to 19-month high as Fed hike bets grow, yen softens (opens CNA in a new tab)

  2. Business Recorder

    Dollar rises to 19-month high as Fed hike bets grow, yen softens (opens Business Recorder in a new tab)

    TOKYO: The dollar climbed to a 19-month high against major peers on Thursday, supported ‌by growing expectations of a Federal Reserve rate hike, while the yen edged toward the key 160-per-dollar level following a dovish central banker’s speech. Traders ramped…

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