Dollar Edges Higher Ahead of Data Releases
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The dollar index rose above 99.3 as investors anticipate US economic data releases post-government shutdown, influencing Federal Reserve policy expectations. Key reports include September jobs data, S&P PMIs, and housing indicators. Fed officials express doubt about a December rate cut, with market odds of a 25 bps reduction dropping to 46%. The dollar gained notably against the New Zealand and Australian currencies.
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