Fed in 'No Rush' to Hike Rates, Says Singh
Higher-yielding currencies including the Australian dollar headed for weekly gains as receding odds for Federal Reserve interest-rate increases increased their allure relative to the greenback. The Aussie, New Zealand and Canadian dollars have all strengthened against the U.S. currency since June 3, accounting for three of the top four Group of 10 performers. A gauge of the dollar was set for a second straight week of declines after Fed Chair Janet Yellen said that rates “will probably need to rise gradually over time.” Crossbridge Capital Head of Investments Manish Singh discusses with Bloomberg's Anna Edwards on "Countdown."
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