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Dollar eases from seven-week high as oil prices fall

The dollar climbed to a seven-week high after the Fed raised rates and reaffirmed its commitment to curbing inflation, then later eased as energy prices extended their decline amid diminishing fears of supply disruptions.

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The dollar climbed to a seven-week high on Thursday after the Federal Reserve raised rates and reaffirmed its commitment to curbing inflation, but later eased as energy prices extended their decline on fading fears of supply disruptions. The Fed raised rates and signalled f…