Dollar Reaches 7-Month High as Minutes Show Fed Near Rate Hike

Updated on
  • Futures show 66% chance of central-bank rate move by December
  • Greenback pares 2016 drop on policy-divergence speculation

FOMC Minutes Reveal a Much More Divided Fed

The dollar reached the highest level since March as minutes from the Federal Reserve’s September meeting showed several policy makers said a rate increase was needed “relatively soon.”

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