U.S. Dollar Advances as Fed Rate-Hike Expectations Rise After CPI
The dollar moved higher Tuesday after U.S. inflation data exceeded analysts’ forecasts, lifting expectations of a Federal Reserve rate hike.
WASHINGTON (dpa-AFX) - The U.S. Dollar value moved higher on Tuesday with heightening expectations of an interest rate hike by the U.S. Federal Reserve following the release of U.S. inflation data which came in exceeding analysts' forecasts.
In addition, despite a pause in the U.S. attacks on Iran…