The Dollar has rallied across-the-board today. Last Friday’s hot PPI numbers, and the Fed’s policy guidance following last week’s FOMC meeting, have fanned expectations for a resumption in Fed tightening at December’s policy meeting. The USD index (DXY) gained over 0.5% in posting a 17-month high of 97.58, while EUR-USD concurrently printed a 16-month low of 1.1240 and USD-JPY a six-week high at 114.20.
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