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Dollar hold near two-month peak as yields rise, Fed data looms

The dollar remained stable near a two-month peak while traders closely monitored upcoming US economic reports. Oil prices experienced a slight uptick, with Brent crude futures approaching $106 per barrel amidst market volatility. Meanwhile, US Treasury yields hit multi-year highs, impacting the dollar's strength. Anticipated economic metrics could pave the way for additional Federal Reserve rate hikes this month.

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Economic TimesLean R·1h ago
Dollar hold near two-month peak as yields rise, Fed data looms
The dollar remained stable near a two-month peak while traders closely monitored upcoming US economic reports. Oil prices experienced a slight uptick, with Brent crude futures approaching $106 per barrel amidst market volatility. Meanwhile, US Treasury yields hit multi-year highs, impacting the dollar's strength. Anticipated economic metrics could pave the way for additional Federal Reserve rate hikes this month.
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Dollar hold near two-month peak as yields rise, Fed data looms

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Dollar hold near two-month peak as yields rise, Fed data looms

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