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Fed minutes keep year-end tightening alive as DXY eyes 102.49, while EUR/USD targets 1.1161 and GBP/USD risks another test of 1.3180.
ING’s Chris Turner notes the Dollar remains supported after September FOMC minutes showed a Federal Reserve still expecting another rate hike this year.
The dollar index has maintained its position as hawkish Fed minutes emphasize inflation as a major concern. Recent interest rate hikes by the Federal Reserve have been met with caution regarding future increases. Meanwhile, the US dollar