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City & Markets

Dollar Climbs on Hawkish Fed President Collins

By Nasdaq

Dollar Climbs on Hawkish Fed President Collins

The dollar index (DXY00 ) climbed to a 7-week high today and is up by +0.10%. The dollar found support today on hawkish comments from Boston Fed President Susan Collins, who said she saw inflation remaining above 2%, suggesting she may favor additional Fed tightening. Dollar gains are limited today

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Source: Nasdaq