Day: May 28, 2016

Dollar Ends Week Strong as Fed Hike Speculations Persist

The US dollar was strong this trading week thanks to the continuing speculations that the Federal Reserve is going to perform an interest rate hike in the near future, perhaps as soon as the next month. Fed chief Janet Yellen added fuel to the hike talks yesterday, saying:   It’s appropriate – and I have said this in the past, I think – for the Fed to gradually and cautiously increase our overnight interest rate over time. […]