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via wsj.comEconomy

Euro falls to 18-month low against dollar on Fed rate-hike bets

FROM THE WIRE · WSJ.COM

Higher-than-expected U.S. inflation data and remarks from Fed governor Christopher Waller supported the prospect of the Fed raising rates in December, with some market participants now expecting a 50-basis-point hike.

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: neutralHigher-than-expected US inflation and Fed rate-hike bets move the euro-dollar pair and the dollar index.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Higher-than-expected US inflation data supported the prospect of a Fed hike.
  2. 02Remarks from Fed governor Christopher Waller supported a December rate increase.
  3. 03Some market participants now expect a 50-basis-point hike.

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Breaking live stories come from third-party newswires via feed; headline and summary belong to the stated source. Impact analysis: UCapital AI · News Impact.

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