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Global Markets: Climbing US dollar felt around the world

By Commodity News Service Canada

WINNIPEG, Dec. 15 (CNS Canada) – The following is a glance at the news moving markets globally.

The US dollar index climbed to its highest levels in 14 years on Thursday, as yesterday’s move by the US Federal Reserve to raise interest rates sparked a rally in the currency.

The activity in the US dollar spread out most other commodity and financial markets, with both crude oil and the Canadian dollar taking a hit.

In other world economic news, the Bank of England announced that it was keeping its interest rate unchanged for the time being, and noted that inflation may see a slowdown in the next year.

Tensions between China and the US remain at the forefront of the markets as well, with the latest news including reports that China may be looking to penalize an unnamed US automaker over accusations of price fixing.

The situation in Syria has moved back to the front of the world headlines as the human rights crisis in Aleppo brings more instability to the region.

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