Dollar Fluctuates as Investors Await Fed Interest-Rate Decision
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Investors Await the Fed...
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The dollar fluctuated as investors prepared for the Federal Reserve’s decision on whether to raise interest rates for the first time since 2006 in a step that will further enhance the yield advantage of assets denominated in the U.S. currency.
The Bloomberg Dollar Spot Index was little changed with futures signaling that traders see a 78 percent probability the Fed will increase its benchmark from near zero at its meeting on Dec. 15-16. The greenback climbed against some currencies of commodity-exporting nations in the past week as oil slid below $40 a barrel and signs of a further slowdown in China’s economy boosted the dollar’s appeal as a haven.