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Dollar extends gains after Fed official supports Sept rate hike

From reuters.com

The dollar extended gains against the yen and euro on Wednesday after Atlanta Federal Reserve President Dennis Lockhart expressed support for an interest rate hike in September. The dollar nudged up 0.1 percent to 124.46 yen after pulling away from an overnight low of 123.80. The euro slid to a two-week low of $1.0847. Lockhart, a voter this year on the Federal Open Market Committee, told the Wall Street Journal that it would take "significant deterioration" in the U.S. economy for him to not support a rate hike in September. "Lockhart was not scheduled to speak until Monday (10 Aug), so the hawkishness of ... (full story)

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