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Why the U.S. Dollar Rate Today Hit an 11-Month High

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The U.S. dollar rate today hit an 11-month high as traders continue to price in an interest rate increase at the U.S. Federal Reserve's Dec. 13-14 meeting.

Market odds of a rate hike next month sit at 85.8%.

Interest-rate-sensitive equities and precious metals are feeling the pressure from the greenback's strength. Here's what the strength in the U.S. dollar rate today means for investors...

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