India, Oct. 12 -- The U.S. dollar strengthened against other major currencies in the European session on Monday, as trader are pricing out the likelihood of a rate hike at the Fed meeting in late October, although expectations for a 25-basis-point increase in December are still firmly on the table.

Traders currently give an 85% probability that the US central bank will hike borrowing prices once more by year's end, according to CME Group's FedWatch Tool.

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