Dollar hits 20-year high as Fed flags rates higher for longer - Reuters
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The U.S dollar surged to a 20-year high against a basket of currencies on Monday after Federal Reserve Chair Jerome Powell signalled interest rates would be kept higher for longer to bring down soaring inflation.
SINGAPORE, Aug 29 (Reuters) - The U.S dollar surged to a 20-year high against a basket of currencies on Monday after Federal Reserve Chair Jerome Powell signalled interest rates would be kept higher … [+2304 chars]
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