While you were sleeping: Mood turns sour

Thu, 05 Jan 2017

By Margreet Dietz Jan. 6 (BusinessDesk) - The US dollar dropped while Treasuries climbed as investors reassessed the Federal Reserve’s appetite for interest rate increases. Minutes of the Fed's December meeting, released on Wednesday, weighed on the greenback. “Fed officials seem a lot less certain about the glide path of future projected rate rises,” Michael Hewson, chief market analyst at CMC Markets, wrote in note, according to Bloomberg. “This may well explain why the US dollar has sold off sharply.” US Treasuries rallied, pushi...

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