Dollar gains on rate hike expectations
The US dollar rose on Friday amid increasing expectations of a rate hike in September, supported by higher Treasury yields and rising oil prices. The reimposition of tariffs between the United States and the European Union revived inflation concerns, boosting demand for the dollar, which remained close to its highest level in three weeks. Attention is focused on the Federal Reserve's decision, with expectations of using monetary tightening tools to address ongoing inflationary pressures.
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