Dollar Remains Stronger as Traders See Fed Set for ’15 Rate Rise
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The dollar remained stronger as the currency market decided, on second thought, that the Federal Reserve is still on course to raise interest rates this year.
Traders took a different view Wednesday, selling off the greenback after minutes of the central bank’s January meeting showed policy makers argued for keeping borrowing costs lower for longer. On Thursday, the U.S. currency gained the most in more than a week against a basket of peers as a bigger-than-forecast decrease in jobless claims reinforced speculation that U.S. economic growth is outpacing global peers.