Dollar perched at two-month high as hot PMI fuels inflation fears, rate hike bets

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Dollar perched at two-month high as hot PMI fuels inflation fears, rate hike bets

AI Summary

The US dollar reached a two-month high amid a hot purchasing managers index (PMI), which has increased inflation fears and raised expectations for interest rate hikes. Currency markets reacted strongly reflecting concerns over inflationary pressures.

World Markets US dollar PMI inflation fears interest rates currency markets economy

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