Economy
US Dollar Wraps Best Month Since March on Fed Inflation Fight
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THE BRIEF
1
The Bloomberg Dollar Spot Index rose nearly 2% in September, wrapping up its best month since March due to heightened US interest-rate and bond yield expectations.
2
The dollar gained despite softer-than-expected personal consumption expenditures inflation data that lowered expectations for an October Federal Reserve rate hike.
3
Traders fully priced in a December rate hike while 30-year Treasury yields reached their highest levels since 2002 amid persistent energy prices and hawkish Fed comments.