Dollar rises on US interest rate hike optimism - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

The dollar edged higher against a basket of currencies on Monday as recent employment data prompted some Wall Street banks to raise their estimates for how quickly the Federal Reserve will raise interest rates this year.

The index remains close to the 16-month high it touched late in November.

“With the unemployment rate below 4%, the Fed could probably declare their job on employment ‘completed’ which does indeed set us up for an even faster period of taper potentially,”Bechtel said. Rising Treasury yields – the benchmark US 10-year Treasury yield rose to its highest level in almost two years on Monday -also supported the greenback.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

My wife passed away while I looking for employment. I have two children (3 & 4 years) to take care of now and I'm struggling and in my struggle my children sleep hungry😔💔. Please assist us with any food parcel or tinned food you dont use🙏🏻. For my babies 🙏🏻

Investing with williamchurch09 has brought my family so much joy, I've received R25,500 from my little funds i invested and I'm grateful, i advice everyone to invest with 👇👇👇👇 williamchurch09

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.