Dollar Hits 19-Month High as Fed Rate-Hike Bets Firm
The dollar rises to a 19-month high against a basket of currencies as markets increase bets on another Federal Reserve rate hike in December, including the possibility of a 50-basis-point increase.
The dollar rises to a 19-month high against a basket of currencies, building on recent momentum driven by expectations for further Federal Reserve interest-rate hikes. Markets are betting more heavily on another rate increase in December, pricing in the possibility of a larger 50-basis-points rise…