Dollar Rises From Year Low as Fed Speakers Challenge Rate Bets
- Atlanta Fed Chief Lockhart calls June increase `a real option'
- Payroll report due May 6 forecast to show 200,000 jobs added
U.S. Election, Brexit and Other Risks Facing the Dollar
A gauge of the dollar rose from its lowest level in a year after two Federal Reserve officials said an interest-rate increase could be considered next month.
The greenback has climbed against its 16 major peers since Monday’s close as Atlanta Fed President Dennis Lockhart called a June rate increase “a real option,” while San Francisco’s John Williams said he would support such a move at the next meeting provided the U.S. economy stayed on track. Both officials are non-voting members of the Federal Open Market Committee. Policy makers including St. Louis Fed chief James Bullard are due to speak this week. The yen fell versus the dollar amid speculation the Japanese currency’s surge to an 18-month high was too rapid.