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Dollar slides as rate hike prospects ease, oil gains moderate

Dollar slides as rate hike prospects ease, oil gains moderate
The dollar slid Tuesday after a drop in US inflation dented expectations of an interest rate hike later this month. Oil prices had jumped sharply on fresh Iran-US strikes, with two ships struck overnight near the Strait of Hormuz. But those gains faded during the day, with US President Donald Trump reversing course on plans […] The post Dollar slides as rate hike prospects ease, oil gains moderate appeared first on Insider Paper.

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