The Traderszone Network

Published in TZ Latest News 17 July, 2015 by The TZ Newswire Staff

Dollar, stocks look set for biggest weekly gains in months

The dollar headed for its biggest weekly rise since May on Friday as economic data reinforced expectations of a U.S. interest rate hike this year. Sterling hit its highest against the euro in more than 7-1/2 years after Carney said the decision to raise rates will come into “sharper focus” around the end of 2015, his strongest hint yet about the timing of the bank’s next move.