Is Dollar's Good Fortune Set to Continue?
A gauge of the dollar held a three-day gain as economic data in the U.S. suggested the world’s biggest economy is set to continue expanding, renewing speculation that the Federal Reserve will raise interest rates by the end of the year. The Bloomberg Dollar Spot Index was near a six-week high after new-home construction in the U.S. rose more than forecast, adding to the slew of recent reports signaling growth. Citigroup Inc.’s U.S. Economic Surprise Index, which measures whether data beat or missed forecasts, rose to the highest since January 2015 following reports showing stronger payrolls and retail sales. Bank of Tokyo-Mitsubishi European Head of Global Markets Research Derek Halpenny discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."