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US Dollar tiptoes toward inflation, Fed rates test
Currency markets were on edge and the dollar a few ticks lower on Tuesday, ahead of U.S. inflation data which traders think could offer clues about the timing of tapering and rate hikes.The possibility of hikes - brought to the fore by a surprise shift in tone last month from the Federal Reserve - has boosted the dollar in recent weeks as investors have re-assessed their assumption of prolonged low U.S. rates. Against the euro the greenback inched a fraction lower during the Asia session to $1.1868, though that still has the dollar up about 2.2% on the common currency in a month. Aside from looming U.S. inflation ... (full story)
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- Jul 13, 2021 5:00am Jul 13, 2021 5:00am
- Sohail421
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- anubieonly
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Hope everyone gets green pips
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...because you never know - until you do!
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