(Reuters) - The dollar rose to a six-week high against the euro on Friday, on track for a fourth straight week of gains driven by reduced expectations that the Federal Reserve will trim interest rates this year.
A crop of solid U.S. economic data this month has led investors to price in less than a 50 percent chance the Fed will cut benchmark rates by the end of 2007, in contrast to early this year when more than one cut was fully priced in.
Read more at Reuters Africa
A crop of solid U.S. economic data this month has led investors to price in less than a 50 percent chance the Fed will cut benchmark rates by the end of 2007, in contrast to early this year when more than one cut was fully priced in.
Read more at Reuters Africa
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