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Dollar Powers to Best Month Since June on Fed’s Inflation Fight

(Bloomberg) --“The softer than anticipated PCE numbers are pressuring the dollar and indicate that an October hike from the Fed is more or less off the table, but a hike for December is still live,” said Andrew Hazlett, a foreign-exchange trader at Monex Inc. “It has been a good month for the dollar and we expect that to continue as the Fed continues their fight to restore price stability.”