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Dollar firm as rate hike priced in

Published 09/03/2017, 07:50
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Investing.com - The dollar held onto gains Thursday as U.S. rate hike next week seen as a virtual done deal.
The dollar index was up 0.03% at 102.14 at 02:30 ET. It was up 0.09% at 114.43 yen
The odds of a rate hike at next week's FOMC currently stand at over 90%.
U.S. Treasury yields were higher, with the two-year at 1.363%
ADP February nonfarm payrolls showed a surge in job creation to 298,000 against a forecast of 190,000.
Official nonfarm payrolls due out Friday forecast to show an increase of 190,000.
The euro edged lower ahead of the ECB's policy meeting later Thursday.
The rise in euro-zone inflation is seen as temporary while growth remains moderate.
Tensions ahead of key European elections is another reason the ECB is not expected to budge.

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