Dollar Holds Near 19-Month High on Fed Rate-Rise Expectations
The dollar remains elevated after reaching a 19-month high against a basket of currencies overnight. Markets see an 88% chance of a 25 bps Fed rate rise in December and a 12% chance of a larger move.
The dollar remains elevated after reaching a 19-month high against a basket of currencies overnight, supported by market expectations for the Federal Reserve to raise interest rates as much as 50 bps in December. Markets see an 88% chance of a 25 bps rate-rise in December and a 12% chance of a larg…