Dollar Gains Versus Yen, Euro as Fed Odds Weighed Before Yellen

Updated on
  • Fed chair to give semiannual testimony to Congress this week
  • Yen weakens against Australian dollar as stocks pare losses

Fed Rate Hikes to Be Forced by Higher Wages: Amoroso

The dollar rose for a second day against the euro and yen as investors looked toward Federal Reserve Chair Janet Yellen’s testimony to Congress Wednesday for signs of whether markets are underestimating the odds of a near-term interest-rate increase.

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