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The Economic Times
The Economic Times
Business

Dollar near one-week high as hot U.S. inflation fans Fed hike bets, peace talks stall

The dollar held near a one-week high on Wednesday as risk sentiment soured after a hot U.S. inflation reading sent Treasury yields higher, and oil inched up on renewed Middle East uncertainty.

The euro stood at $1.1735 and the sterling traded at $1.3532, both down roughly 0.05% against the greenback in early Asia trades.

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