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Dollar index rises as Fed forecast hints at December rate hike
September 20, 2017 / 6:35 PM / in 2 months

Dollar index rises as Fed forecast hints at December rate hike

NEW YORK (Reuters) - The dollar turned higher against a basket of currencies on Wednesday, reversing an earlier drop, as the Federal Reserve’s latest forecast reinforced the notion of a possible interest rate increase in December.

At 2:25 p.m. (1825 GMT), the index that tracks the greenback versus a group of six currencies was up 0.7 percent at 92.471, its highest level in four trading sessions.

Reporting by Richard Leong; Editing by Meredith Mazzilli

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