Economics
Dollar Bulls Tremble as Fed Hike Bets Pushed Deeper Into 2017
- Futures signal less than 40% chance of rate increase this year
- ‘It’s hard to be bullish’ on the greenback, SocGen says
Investing Amid a Possible Federal Reserve Rate Hike
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Dollar bulls banking on a Federal Reserve interest-rate increase this year are finding nothing but frustration in the latest economic data.
An index measuring the greenback was near its weakest level in a month, upending speculators who increased futures wagers on the U.S. currency as of last week to the highest since February.