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Dollar solidly bid on Fed view, economic resilience; yen eyes weekly gain

Por: CNBC Business December 23, 2022

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Ciydemimages E+ Getty ImagesThe dollar was on the front foot on Friday, as solid U.S. economic data reinforced the need for the Federal Reserve to stay on its aggressive monetary policy tightening path and further raised the odds of higher-for-longer rates.The greenback rose broadly overnight, though was hobbled against the Japanese yen, which has continued to draw solid demand after the Bank of Japan's surprise policy tweak earlier in the... + full article



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