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Dollar Strengthens as Fed Holds Rates Amid Inflation Rise and Middle East Conflict

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The Story

News Summary

  • The U.S.
  • dollar strengthened against major currencies after higher-than-expected U.S.
  • producer price data, signaling the Fed may delay rate cuts amid Middle East conflict-driven inflation risks.
  • The euro and sterling weakened, while central banks are expected to hold rates steady.
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EURUSD price history

1.16 +0.00% over the displayed period

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