The Dollar surged broadly on Wednesday after September’s US core CPI beat expectations, reversing the recent retreat in Treasury yields. The Dollar Index broke above 102.60 to reach 102.72, the 2-year Treasury yield jumped toward 4.94% and the 10-year yield rebounded above 5.30%. According to CME FedWatch, the probability of a Fed hike at the October 28 meeting surged from 22.1% a day earlier to 43.7%, against 17.7% a week ago.
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