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US Dollar Strength May Continue as EUR/USD and AUD/USD Face Further Declines
Rising inflation in the United States
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Rising inflation in the United States has revived discussion about the possibility of interest rate hikes this month.Financial markets were caught off guard by US consumer inflation data, which exceeded expectations in both headline and core terms, surpassing all forecasts. This suggests that inflation is indeed accelerating. Naturally, the issue has revived market speculation about the possibility of the Federal Reserve raising interest rates at its October meeting. Yesterday, immediately before the report was released, federal funds futures indicated an
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