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Lead story Forex Dollar Index Hits Year-to-Date High on Fed Rate Hike Expectations The US Dollar has reached a fresh year-to-date high of 103.08 as markets anticipate faster Federal Reserve rate hikes. Futures fully price in a 25bps hike in December and additional tightening into January, with 28bps of hikes expected by December and 43bps by January. New York Fed President John Williams emphasized the need for more data to determine the appropriate policy stance, increasing the likelihood of back-to-back hikes in December and January. Sentiment +3 Clout 78 Speculation 4 USD

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