Dollar Rises From Five-Month Low as Traders Reprice Fed Outlook

Updated on
  • Greenback gains as June rate-increase likelihood tops 50%
  • U.S. economy appears to be shaking off a global slowdown

Waiting on the Fed: How Many Rate Hikes This Year?

The dollar rose for the first time in four days Monday as investors recalculated the likelihood of an interest-rate increase from the Federal Reserve, having wiped out expectations for any tightening earlier this year.

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