Convera Says Fed Rate-Rise Expectations Should Support Dollar
Convera’s market insights team says stronger-than-expected U.S. jobs and inflation data have raised expectations for further Fed rate increases, likely keeping the dollar elevated.
0809 ET - The dollar is likely to stay elevated due to increased expectations of the U.S. Federal Reserve increasing interest rates further at upcoming meetings, Convera's market insights team say in a note. The most recent U.S. jobs data and inflation data came in stronger than expected, leading m…