USD extends weekly gains as strong US data and oil spike revive Fed hike fears
The source does not specify currency pairs, price levels or pip moves. The dollar extended its gains during the week ended September 25. The advance came as strong US economic data and a spike in global crude oil prices renewed fears of a Federal Reserve rate hike. Those concerns also triggered a selloff in US bonds, according to the report. Traders should watch how incoming US data and oil prices shape Fed rate expectations, since both drivers underpinned the dollar's advance.
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