Dollar Rises as US Inflation Data Boosts Rate Hike Odds
The dollar rose against the euro and Swiss franc after U.S. inflation data showed a consumer price increase. The report reinforced expectations that the Federal Reserve will raise interest rates next week.
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The dollar advanced against the Euro and Swiss franc during Friday morning trading after United States inflation figures reinforced expectations of a Federal Reserve rate hike next week. The EUR/USD exchange rate fell 0.13% to $1.15950. Markets are pricing in an 86% probability of a 25 basis-point increase.
