Dollar Surges after Rate-Hike Assumptions
Saturday, December 12th, 2009The Dollar ended the week with monthly records against its major six rivals, indicating a broad strenght of the US currency.
Major investors and forex analysts expect that recent stronger economic data will prompt FED to higher interest rates sooner the earlier expected.
Stronger data supports the US dollar
The recent series of stronger data are shifting to support the dollar. “At least from an interest-rates perspective,” said Mike Moran, senior forex strategist at Standard Chartered Bank in New York. (more…)
