Dollar heads for biggest weekly gain
The dollar headed for its strongest weekly rise in two months on Friday near a 19-month high. Rising bets on a larger Federal Reserve rate hike lifted US Treasury yields while the yen hovered near intervention levels.
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The dollar headed for its strongest weekly gain in two months on Friday, holding near a 19-month peak as rising interest rate expectations boosted Treasury yields. The move reflects growing trader bets on a larger Federal Reserve rate hike next month following hawkish signals. The dollar index rose 0.1% to 103.34, tracking its third consecutive weekly advance.
