U.S. Dollar Climbs as Markets Price in Higher Fed Rate Odds
The dollar moved higher Wednesday as markets priced in tighter Fed policy, following inflation data, hawkish central-bank comments and the U.S.-Iran standoff.
WASHINGTON (dpa-AFX) - The U.S. Dollar value moved higher on Wednesday with market participants pricing in a tighter monetary policy by the U.S. Federal Reserve following yesterday's inflation numbers, hawkish comments by the central bank officials, and the ongoing U.S.-Iran standoff.Today, the U.S…