While you were sleeping: US dollar weakens

Wed, 08 Jun 2016

By Margreet Dietz June 9 (BusinessDesk) - Wall Street moved higher, pushing the Standard & Poor’s Index closer to a record high, amid expectations low interest rates will help underpin economic growth. Commodities including oil, copper, gold and aluminium benefited from a declining US dollar after Federal Reserve Chair Janet Yellen’s comments on Monday prompted a revision of bets for next week’s Federal Open Market Committee meeting. Traders now see a zero percent chance the Fed will raise rates at its June 14-15 meeting, down from 22...

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