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Reuters
Dollar climbs with U.S. yields after Fed doves say expect more rate hikes
The U.S. dollar remained elevated on Wednesday following its biggest surge in three weeks against major peers overnight, with Federal Reserve officials talking up the potential for further, aggressive interest rate hikes. The greenback continued its rise versus the safe-haven yen, extending its best gain for six weeks, as U.S. Treasury yields also rebounded after House Speaker Nancy Pelosi’s arrival in Taiwan was met with a strong, but not off-the-scale response by China. New Zealand’s dollar dropped following a surprise rise in the unemployment rate.
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