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U.S. Dollar Index Hits 8-Week High at 100.54 on Fed Rate Hike
The U.S. Dollar Index rose 0.1% to 100.54 on Sep 22, marking its highest level since Jul 29, following the Federal Reserve's decision to raise the federal funds rate to 3.75%-4.00%. The FOMC voted unanimously to raise rates, and at least 12 members expect another rate hike this year, with Fed Chair Kevin Warsh signaling hawkish policy direction. Meanwhile, crude oil prices fell for five consecutive trading days on eased supply disruption concerns and diplomatic progress in the Middle East. Bosto
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