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Dollar near eight-day high as US data lifts Fed hike bets

The Economic Times ·

The dollar showed a minor uptick following U.S. inflation figures that aligned with forecasts for an impending Federal Reserve rate increase.

Investors are now keenly awaiting remarks from central banking officials at the Jackson Hole symposium later today.

Additionally, insights from the Bank of Japan could signal potential shifts in monetary policy.

Meanwhile, other currencies, including the euro and British pound, maintained stability against the dollar.

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5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.

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