FOREX-Dollar gains as March U.S. rate hike seen more likely quoting : "Investing"

Recent labor market and inflation data have also bolstered the case for a rate hike soon. [nL2N1GE03R] "We have had this slew of Fed speakers, all of whom seem to be very much favoring a rate hike very soon. A sustained move higher, however, could weigh on emerging market currencies, Citi's Englander said. Futures traders are now pricing in an 80 percent chance of a Fed hike in March, up from 66 percent on Wednesday and from 35 percent on Tuesday, according to the CME Group's FedWatch Tool. High-yielding emerging market currencies including the South Korean won , South African rand and Brazilian real have also performed strongly this year despite the rise in Treasury yields.


as informed in

Dollar on the upside amid rate hike hopesInvesting.com - The dollar remained broadly higher against other major currencies on Thursday, as growing expectations for a March rate hike by the Federal Reserve continued to boost demand for the greenback. that an improving global economy and a solid U.S. recovery mean it will be "appropriate soon" for the central bank to hike rates. The Australian Bureau of Statistics earlier reported that increased by 1.8% in January, compared to expectations for a 0.4% fall. A separate report showed that Australia's narrowed to A$1.302 billion in January from a revised A$3.334 billion in December. The , which measures the greenback's strength against a trade-weighted basket of six major currencies, was up 0.24% at a seven-week high of 101.98.


collected by :John Miller

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