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Fed's Rate Path to Define Dollar Strength in Coming year

With the U.S. Federal Reserve poised to hike interest rates as early as next month, the dollar will rise in the coming year, but by how much will depend on the course of monetary policy, a Reuters poll found. The driving force behind the dollar's 18-month surge is expectation the U.S. rates will rise this year, even as most other major central banks maintain their accommodative stands. The dollar index hit a 3-1/2 month high against a basket of currencies early on Wednesday after...

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