BLOOMBERG.COM
The dollar strengthened while emerging markets retreated with commodities as comments from a Federal Reserve official boosted speculation that U.S. interest rates will rise this year. Bloomberg’s dollar index climbed to a one-week high after Fed Vice Chairman Stanley Fischer said Sunday the U.S. economy is already close to meeting the central bank’s goals and that growth will pick up. Emerging-market shares and currencies declined for a second day, oil fell below $48 a barrel and silver led losses among precious metals. Government bonds rebounded in Europe.
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The dollar strengthened while emerging markets retreated with commodities as comments from a Federal Reserve official boosted speculation that U.S. interest rates will rise this year. Bloomberg’s dollar index climbed to a one-week high after Fed Vice Chairman Stanley Fischer said Sunday the U.S. economy is already close to meeting the central bank’s goals and that growth will pick up. Emerging-market shares and currencies declined for a second day, oil fell below $48 a barrel and silver led losses among precious metals. Government bonds rebounded in Europe.
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