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Dollar Gains as Fed Points to Rate Hikes in 2023

By Administrator_ India Capital Sands The dollar rose in early European trade Thursday, climbing to levels not seen for around two months after the Federal Reserve surprised markets with a hawkish turn, bringing forward its timetable for raising interest rates to 2023. USD/JPY was up 0.1% at 110.75, just off its recent high of 110.83, a […]

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Forex

Dollar Edges Higher; U.S. Inflation Data Looms Large

By Administrator_ India Capital Sands The dollar edged higher in early European trade Thursday, amid cautious trading with traders looking towards key U.S. inflation data and an ECB meeting for clues of future direction.  EUR/USD traded 0.1% lower at 1.2167, falling back from the one-week high of 1.2218 seen during the previous session, USD/JPY dropped 0.1% at 109.55, GBP/USD fell […]

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