The Traderszone Network

Published in TZ Latest News 5 August, 2015 by The TZ Newswire Staff

Dollar up on Fed rate bets, earnings lift shares

The dollar rose to its highest in more than three months and U.S. Treasury yields rebounded from two-month lows on Wednesday, after a Federal Reserve official said the central bank was close to raising interest rates. The comments on Tuesday from Atlanta Federal Reserve President Dennis Lockhart, regarded as one of the Federal Open Market Committee’s centrist policymakers, put next month back on the table for the first U.S. rate hike in almost a decade.

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