Dollar Rises, Bonds Fall Amid Fed Wagers as Yellen Gives No Hint

Updated on
  • Traders say retail sales strengthen case for December Fed hike
  • Yellen: costs of low rates for too long may exceed benefits

The dollar rose to a seven-month high and bonds fell after U.S. retail sales data bolstered the case for higher interest rates this year, while Federal Reserve Chair Janet Yellen’s speech did little to alter that view.

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