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Markets

Dollar retreats from 18-month high despite hot CPI as Fed officials temper hike bets

viaeconomictimes.indiatimes.com15 Oct
Dollar retreats from 18-month high despite hot CPI as Fed officials temper hike bets
The dollar has fallen back after peaking at an 18-month high, fueled by stronger than expected inflation data. Expectations of an October rate hike were moderated by prudent remarks from Federal Reserve officials. With Treasury yields decreasing, the dollar slipped against key currencies like the…

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