Tag: rate-hike bets
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Dollar hits 13-month high as rate-hike bets, stock rout boost demand
HONG KONG, June 24 : The U.S. dollar extended gains to reach a fresh 13-month high against a basket of major currencies on Wednesday, as investors sought shelter from a tech stock selloff and prepared for rate hikes from the Federal Reserve. Stock market volatility continued after a broad selloff of technolo
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Dollar clings to two-month peak as Fed rate-hike bets mount, yen slides
HONG KONG, June 18 : The U.S. dollar clung to a more than two-month high on Thursday as markets ramped up wagers on Federal Reserve rate hikes this year, heaping fresh pressure on the Japanese yen toward intervention territory.The U.S. central bank held rates steady in a 3.50 per cent-3.75 per cent range as n
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