Dollar girded by bets on a US hiking cycle
· economictimes.indiatimes.com
On Wednesday, the dollar maintained its recent strength against leading currencies as traders eagerly awaited the Federal Reserve's anticipated interest rate hike. A rise of 25 basis points seems to be the consensus among market players. Meanwhile, the yen surged significantly amid discussions of intervention and repatriation, while other Asian currencies like the won and yuan exhibited varied performances.
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