Dollar advances as strong U.S. data backs higher rates backdrop

Feb 19 2023

The U.S. dollar held gains against a basket of currencies on Thursday, bolstered by stronger-than-expected producer prices and falling jobless claims, hinting that the Federal Reserve would have to maintain its inflation-fighting interest rate hikes for longer. Earlier, the dollar index hit six-week highs…

https://www.reuters.com/markets/currencies/dollar-climbs-higher-rate-expectations-aussie-slides-jobs-shock-2023-02-16/

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