DOLLAR ADVANCES NEAR 7-MONTH PEAK AFTER US INFLATION DATA

The U.S. dollar advanced near a seven-month high against major currencies on Wednesday after data showed U.S. inflation for October increased in line with expectations, suggesting the Federal Reserve will keep cutting rates.

The greenback has risen to its highest level since April 16, buoyed by Donald Trump's victory in last week's U.S. presidential election, which sparked expectations of potentially inflationary tariffs and other measures by his incoming administration.

Learn More