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U.S. Dollar Rallies Amid Fed Rate-hike Bets

U.S. Dollar Rallies Amid Fed Rate-hike Bets

The U.S. dollar strengthened against other major currencies in the European session on Wednesday, as hotter-than-expected U.S. inflation statistics increased anticipation that the Federal Reserve will raise borrowing costs next month.
RTTNews | 23 시간 53 분 전
US CPI Surges, Fed Turns Hawkish—US Indices, Gold and Oil Slide

US CPI Surges, Fed Turns Hawkish—US Indices, Gold and Oil Slide

US inflation exceeded forecasts in October. Headline CPI rose 0.4% MoM and core CPI 0.3%, versus expectations of 0.3% and 0.2%. Markets now expect at least a 25-basis-point Fed hike in December, while the chance of a 50-basis-point move rose to about 10%. Recent hawkish comments from ECB and BoE officials add to the tightening outlook.
ATFX | 1 일 전
Sterling’s Rebound Faces US Inflation Hurdle

Sterling’s Rebound Faces US Inflation Hurdle

Sterling’s rebound against the dollar faces an immediate hurdle from US inflation data, as traders weigh the Bank of England’s renewed tightening against evidence that the US economy can withstand higher interest rates.
Errante | 2 일 전