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Dollar Hits One-Month High on Lingering Fed Hike Chances

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EUR USD GBP
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The US dollar has reached a one-month high as traders weigh the possibility of a rate hike at the Federal Reserve's upcoming meeting.

Falling oil prices have eased concerns over inflation, but the greenback remains strong against major currencies.

The dollar index rose 0.03% to 101.55, with the euro down 0.01% at $1.1366 and sterling easing 0.02% to $1.3284.

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