Higher inflation pushes the dollar up
By Michael Stark
Source excerpt · FinanceFeeds
Non-core inflation beating the consensus has increased the probability of a hike this month. 14 September’s inflation data from the USA delivered an upward surprise on the whole, increasing the probability of the Federal Reserve (Fed) hiking rates in October. The US dollar appreciated sharply in the aftermath before retreating somewhat in most of its pairs. This article summarises the latest data…