BLOOMBERG.COM
The dollar rose to its strongest level in 11 weeks and U.S. bonds declined as investors boosted wagers that the Federal Reserve will raise interest rates this year. South Africa’s rand tumbled after prosecutors said they will charge the nation’s finance minister with fraud. The greenback jumped to its strongest level in more than two months against the euro and approached a more than five-week high versus the yen as Fed Bank of Chicago President Charles Evans said policy “may well be changing soon.” Treasury two-year note yields jumped to the highest in more than four months and the rand tumbled the most since June. Samsung Electronics Co. led Asian stocks lower, with the company saying after markets closed that it was ending production of its Galaxy Note 7 smartphones. U.S. crude oil retreated from the highest in 15 months.
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The dollar rose to its strongest level in 11 weeks and U.S. bonds declined as investors boosted wagers that the Federal Reserve will raise interest rates this year. South Africa’s rand tumbled after prosecutors said they will charge the nation’s finance minister with fraud. The greenback jumped to its strongest level in more than two months against the euro and approached a more than five-week high versus the yen as Fed Bank of Chicago President Charles Evans said policy “may well be changing soon.” Treasury two-year note yields jumped to the highest in more than four months and the rand tumbled the most since June. Samsung Electronics Co. led Asian stocks lower, with the company saying after markets closed that it was ending production of its Galaxy Note 7 smartphones. U.S. crude oil retreated from the highest in 15 months.
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