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Dollar dives as investors cheer after U.S. inflation misses forecasts

Por: CNBC Business November 11, 2022

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The dollar languished on Friday after U.S. inflation data came in cooler than expected, raising market hopes that inflation may have peaked and that the Federal Reserve will begin scaling back its hefty interest rate increases.Figures showed that the consumer price index rose 7.7% year-on-year in October, the smallest gain since January and below forecasts of an 8% increase.related investing newsa day agoThe dollar tumbled overnight after the... + full article



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