High inflation and hawkish signals reinforce rate hike bets; the dollar holds steady near a two-week high; Deutsche Bank warns that stock market funding reliance may weigh on the exchange rate.

Zhitong Finance APP has learned that in early Asian trading on Wednesday, the U.S. dollar index held onto its gains and hovered near a two-week high. A previously released inflation report that came in above expectations, along with hawkish remarks from Federal Reserve officials, strengthened market bets that the Fed will raise interest rates next month.