• News Desk

DOLLAR HITS EIGHT-MONTH HIGH, STOCKS SET FOR WEEKLY RISE


The dollar rose to its highest since February against a basket of currencies on Friday as investors weighed the likelihood of higher U.S. interest rates, while a measure of world stocks dipped but looked set for its first weekly gain in four weeks. The euro hit a seven-month low against the dollar after the European Central Bank left its ultra-loose policy unchanged on Thursday but kept the door open to more stimulus in December. The dollar also was bolstered by comments from New York Federal Reserve President William Dudley earlier this week that the Fed was prepared to raise U.S. overnight interest rates, and by decreasing likelihood of Donald Trump winning the U.S. presidency.

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#Dollar #USinterestrates #Euro #NewYorkFederalBank #BREAKINGNEWS

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