Dollar could extend gains on higher odds of October Fed hike
ING’s Francesco Pesole says the dollar has room to rise if markets increase the probability that the Federal Reserve raises rates again next month, citing stronger U.S. data and potential further energy-price gains.
S. dollar could continue to climb in the near term if markets price in a higher chance of the Federal Reserve lifting interest rates again next month, ING's Francesco Pesole said in a note. S. data and additional gains in energy prices could encourage markets to increase those expectations.