Dollar hits highest point against Yen since 2007


REUTERS: Investors believe the US central bank could raise interest rates next year.

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REUTERS: Investors believe the US central bank could raise interest rates next year.

The Fed noted after the talks that the U.S. labor market was improving and inflation was unlikely to stay subdued for long.

“Such a message will likely send U.S. rates and the dollar higher and increase expectations for a more material shift in the FOMC bias at the Dec. 19 meeting,” said Petr Krpata, a currency strategist at ING in London.

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