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Dollar strengthens on expectations of interest rate hikes following rise in US consumer prices

Reuters · ·by G4L

CME CME Group Inc
$315.86 +2.19%
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  1. 1US consumer prices rose more than expected in October.
  2. 2The proportion of traders betting on a 25bp Fed rate hike in December rose from 70% a month ago to 87%.
  3. 3Elias Haddad said expectations of interest rate hikes are supporting the dollar.

So what's the key point?

What is the key takeaway? US prices rose more than expected. As expectations of interest rate hikes grow, the value of the dollar is increasing.

Source Reuters · View original ↗

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