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Dollar drops amid rate hike expectations
The dollar declined during today's trading session, despite increasing expectations of a US interest rate hike, supported by strong economic data and rising Treasury bond yields. The dollar index fell by 0.3% to reach 100.96 points, although it remains on track to achieve a second consecutive weekly gain. Meanwhile, other currencies such as the euro and the British pound appreciated, but the dollar continues to be influenced by concerns over the US financial situation and interest rate forecasts. Oil markets also saw a decline amid signs of easing supply disruptions, while the Chinese yuan and Australian dollar remained near their highest levels.
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