Dollar Holds Gains Near Two-Week High as Inflation and Fed Comments Lift Rate Bets
The dollar held gains near a two-week high in early Asian trade Wednesday, as hotter-than-expected inflation data and hawkish Federal Reserve comments fueled bets on a rate hike next month.
By Gregor Stuart HunterThe dollar held gains near a two-week high in early Asian trade on Wednesday as a hotter-than-expected inflation report and hawkish comments from Federal Reserve officials fuelled bets the central bank will raise rates next month.The US dollar index TVC:DXY, which measures th…