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Can the US Dollar extend its Fed-driven rally? - FXStreet
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Can the US Dollar extend its Fed-driven rally? FXStreet
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4 itemsCan the US Dollar extend its Fed-driven rally? - FXStreet
US Dollar: Rally seen stretched into year-end – TD Securities - FXStreet
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US dollar advance can extend further
The desk argues that the recent strength of the US dollar is likely to continue, supported by rising Fed rate hike expectations driven by robust CPI data. Per the full note [source], Derek Halpenny notes that this momentum has propelled the dollar beyond the critical 1.03 level, indicating market sentiment is aligning with the Fed's projected trajectory of interest rates. Given that a December rate hike is almost universally expected, further catalysts could bolster this bullish stance. However, upcoming payroll data will be pivotal in solidifying the Fed's position before the FOMC meeting.
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