Dollar Climbs Most Since September Amid Doubts Over Fed Rate Cut
A 50 subject $20 dollar note sheet after being printed at the US Bureau of Engraving and Printing in Washington.
Photographer: Al Drago/BloombergThe dollar had the best day since the end of September as traders boost wagers that the Federal Reserve will keep interest rates steady.
The Bloomberg Dollar Spot Index rose 0.5% Wednesday, the most since Sept. 25, closing the day at the highest level in more than two weeks. The Bureau of Labor Statistics said the November employment report will be published on Dec. 16, almost a week after the Fed meeting. Without that readout and October’s job report, the central bank is deprived of key data points that help it make policy decisions.