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Hawkish Fed lifts dollar to seven-week high as focus turn to BOJ
HONG KONG: The dollar clung to a seven-week high on Thursday after the Federal Reserve raised interest rates and flagged more hikes in coming months, while investors awaited decisions from the Bank of England later and the Bank of Japan on Friday. The dollar ripped higher alongside US Treasury yields, after new central bank chief Kevin Warsh joined a unanimous decision to hike interest rates, while officials validated a hawkish path and projected one more increase in 2026. “(Warsh) definitely sounded more hawkish than expected, and the fact that he provided guidance on future hikes surpris...
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