Currency Buzz: Dollar index hits 19-month high, Fed speakers in focus

The US Dollar Index hit around 19-month high approaching 103 levels as a smart rally extended ahead of speeches from a number of US Federal Reserve officials later on today. Dollar was boosted earlier this week after US October core CPI rose 0.3% month-on-month and headline CPI edged up 0.4%. The currency also benefited on hawkish comments from the Fed Governor Christopher Waller who noted that if core CPI reached 0.3%, a two-notch rate hike should be considered in December. Currency markets eyed comments from FOMC Members Hammack, Barr and Goolsbee later on today.

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