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Live News FX ARTICLE M impact

Dollar rises on expectations for further Fed rate hikes

Market talk says the dollar is supported by expectations that the Fed could deliver at least one more rate increase by year-end, after a unanimous 25 bps hike last week.

DXY

0634 GMT - The dollar is higher, supported by expectations the Federal Reserve will raise interest rates further. The Fed voted unanimously last week to lift rates by 25 bps, and officials pencilled in at least one more increase by year-end. S. rate hikes…"