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Dollar remains near 18-month high
The US dollar rose to approach its highest levels in 18 months amid concerns over persistent inflationary pressures, following the release of the Federal Reserve's meeting minutes which emphasized the continuation of monetary tightening. In contrast, the euro declined to a level close to its lowest in 17 months, amid rising bond yields and increasing oil prices, amid fears over France’s financial situation ahead of the presidential elections. The Fed minutes also showed that the decision to raise interest rates in September was made unanimously, with a reaffirmation that inflation remains the greatest threat to economic growth.
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