Forex Today: Hot US CPI boosts US Dollar as Treasury yields climb
The US Dollar Index (DXY) rallied toward the 98.30 region on Tuesday as hotter-than-expected United States (US) inflation data boosted Treasury yields and reinforced expectations that the Federal Reserve (Fed) may keep interest rates elevated for longer.
The US Dollar Index (DXY) rallied toward the 98.30 region on Tuesday as hotter-than-expected United States (US) inflation data boosted Treasury yields and reinforced expectations that the Federal Reserve (Fed) may keep interest rates elevated for longer.
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