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Dollar Soars on Fed Rate Hike Bets as Global Stocks Tumble on Inflation Fears

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Global equities fell 1-1.6% as inflation concerns resurface and traders increase Fed rate hike bets to 38%.
  • Bond yields spiked, oil prices climbed on Middle East tensions, and the dollar strengthened significantly.
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EURUSD price history

1.16 +0.00% over the displayed period

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