Dollar Holds Gains Near Two-Month High on Outlook for U.S. Rates
- Greenback climbs against Canadian dollar as JPMorgan adds bets
- Fed’s Williams says two or three hikes ‘about right’ in 2016
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The dollar traded near an almost two-month high as speculation mounted that interest-rate increases are ahead for the U.S.
The U.S. currency paused after its best streak of weekly gains since January, as San Francisco Federal Reserve President John Williams said he sees two or three rate increases in 2016, adding to a string of pro-tightening commentary from policy makers. The greenback advanced against its Canadian peer as JPMorgan Chase & Co. said it was adding bets on the U.S. dollar versus the so-called loonie.