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?The ?US dollar rose to its highest level in nearly two months on Wednesday as investors priced in a rate hike cycle from the Federal Reserve, while oil prices jumped as comments from Iran cast doubt on progress in peace talks. In the wake of the central bank’s rate hike ?last week, comments from several Federal Reserve officials have also flagged the possibility of more rate increases if inflation does not cool. On Wednesday, Federal Reserve Governor Michael Barr said the US central bank took an important step last week to “recalibrate” short-term borrowing costs to bring down inflation, and…
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