Dollar Rally Regaining Strength as Market Sets Aside Divided Fed
The Case for Bullish Stocks With a Strong Dollar
The dollar advanced against its major peers as investors set aside concern that U.S. interest-rate increases may be delayed by divisions at the Federal Reserve.
The Bloomberg Dollar Spot Index stalled this month amid a rash of weaker-than-forecast economic reports, after rising 20 percent in the past three quarters. Those pushing for a June liftoff for benchmark borrowing costs were countered by others saying energy-price declines and a stronger dollar would continue to curb inflation, arguing for later in the year. While reports will show U.S. jobless claims rose last week, retail sales for March are set to recover, according to Bloomberg surveys before reports Thursday and April 14 respectively.