While you were sleeping: US dollar strengthens

Wed, 23 Nov 2016

By Margreet Dietz Nov. 24 (BusinessDesk) - The US dollar rose to the highest level in more than a decade as the latest economic data bolstered bets for rising interest rates. Federal Reserve policy makers are widely expected to hike their target interest rate when they meet next month. A Commerce Department report showed that orders for US durable goods—products meant to last at least three years—climbed a better-than-expected 4.8 percent to a seasonally adjusted US$239.4 billion from the previous month. A separate report showed tha...

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