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Dollar hits two-decade high as Putin rattles markets before Fed.

The dollar jumped to a new two-decade high on Wednesday, as comments from Russia’s President Vladimir Putin rattled markets ahead of another likely aggressive rate hike from the U.S. Federal Reserve.

Putin ordered Russia’s first mobilisation since World War Two, warning the West that if it continued what he called its “nuclear blackmail” that Moscow would respond with the might of all its vast arsenal.

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