Fed Rate Hike Probability Jumps on Jobs Data
The latest display of strength in the U.S. labor market is breathing new life into the dollar divergence trade. A broad measure of the greenback extended a rebound from its weakest level since June after Friday’s report on July job growth trounced forecasts and bolstered bets that the Federal Reserve will raise interest rates this year. Traders now see about a 47 percent chance of a hike by December, up from about 35 percent at the end of last week. London & Capital Investment Director Ashok Shah discusses with "On the Move" hosts Guy Johnson in London and Caroline Hyde in Berlin.
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