The dollar held three
days of gains versus the euro and yen as a usually dovish Federal
Reserve official signaled his expectation for more interest-rate
increases than the market has priced.
The U.S. currency has
climbed against eight of its Group-of-10 peers this week with Chicago
Fed President Charles Evans on Tuesday joining the ranks of officials
who are pushing back against traders pricing a single rate increase at
the end of 2016 or later. Evans, one of the most dovish officials who
will vote on policy next year, said projections, also referred to as the
dot plot, for two rate hikes this year were “a pretty good setting” for
him.
The dollar was little
changed $1.1221 per euro as of 9 a.m. in Tokyo, after climbing 0.9
percent over the past three sessions. It bought 112.25 yen following a
0.9 percent, three-day gain.
Source : Bloomberg
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