Dollar near two-week high amid jitters over hawkish Fed, Ukraine tensions

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Reuters UK

By Kevin Buckland TOKYO (Reuters) – The safe-haven U.S. dollar hovered near a two-week high against its major peers on Tuesday amid escalating worries about both a faster pace of Federal Reserve policy tightening and potential military conflict in Ukraine. The Australian dollar rose briefly after strong consumer price numbers boosted the case for a Reserve Bank interest rate increase this year. The Fed begins a two-day policy meeting later in the global day, and investors will be anxious for any hints on the timing and pace of rate hikes, as well as about how fast the central bank will shrink …

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