While you were sleeping: Greenback extends rally

Wed, 11 Mar 2015

By Margreet Dietz March 12 (BusinessDesk) - Wall Street seesawed as the US dollar continued its climb amid bets the Federal Reserve is gearing up to lift interest rates as early as June. “The reason the Fed would raise rates is because growth dynamics are picking up, which would ultimately be a tailwind for markets, though markets will likely challenge that view with volatility," Jeremy Zirin, chief equity strategist of wealth management at UBS in New York, told Reuters. Fed policy makers begin their next two-day meeting on March 17. ...

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