Dollar Rises From 1-Year Low as Lockhart Says June Meeting Live
- Momentum indicator signals greenback losses are overdone
- Federal Reserve next meets to discuss rate rise June 14-15
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The dollar rose from a one-year low as Federal Reserve Bank of Atlanta President Dennis Lockhart called a June interest-rate increase “a real option,” helping stall the greenback’s slide.
The U.S. currency climbed the most since December as Lockhart said two rate rises this year are possible, after the central bank opted to hold monetary policy steady last month. Cleveland Fed President Loretta Mester and San Francisco Fed President John Williams also spoke on Tuesday.