The U.S. dollar traded near a two-month peak against major peers on Thursday as markets grew more confident about a patient approach from the Federal...
TOKYO - The U.S. dollar traded near a two-month peak against major peers on Thursday as markets grew more confident about a patient approach from the Federal Reserve to further monetary easing, even as a key inflation report loomed later in the day.
The euro languished near its lowest since Aug. 13, while against the yen, the dollar hovered close to its strongest level since Aug. 15. At the same time, "an upside surprise in U.S. CPI could force the Fed to doubt its confidence about the path for inflation." The dollar index was little changed at 102.86 as of 0024 GMT, sticking close to Wednesday's high of 102.93.Australia's dollar — Francisco Lindor hit a grand slam in the sixth inning, his latest clutch swing in an extraordinary season full of them, and the New York Mets reached the National League Championship Series with a 4-1 victory over the Philadelphia Phillies on Wednesday.
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