Dollar Advances as Fischer Tips Fed Balance Toward Tightening

Updated on
  • Probability of U.S. rate increase in 2016 rises above 50%
  • Fed vice chairman sees economy close to central bank goals

Bank of Japan Shocks for Japanese Stocks

The dollar extended a rebound from a seven-week low as traders bolstered bets on a U.S. interest-rate increase this year after Federal Reserve Vice Chairman Stanley Fischer said the economy is close to meeting the central bank’s goals.

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