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The dollar index rose 0.2% to 102.4 points, approaching a two-week high, after data showed that consumer price inflation in October exceeded expectations and comments from Federal Reserve officials reinforced expectations of an interest-rate hike. The FedWatch tool pointed to a 25-basis-point increase in December, with rate hikes totaling nearly 75 basis points over the coming year. The euro fell to $1.114 and the pound to $1.332, while the yen neared 160 per dollar. Analysts attributed the U.S. currency’s continued strength to safe-haven flows amid regional tensions.
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