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Dollar hits 19-month high
The dollar rose to a 19-month high against a basket of currencies, with its index gaining 0.15% to 103.02, supported by expectations that the Federal Reserve would continue raising interest rates following U.S. inflation data and remarks by its officials. The yen weakened to 159.83 per dollar as the yield gap widened, despite Japanese wholesale-price inflation reaching 7.1% year on year. The euro held steady at $1.1096, while sterling fell to $1.3266.
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