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Dollar Resumes Climb as Yellen Signals 2015 Interest-Rate Rise
A gauge of the dollar rose for the eighth time in nine weeks after Federal Reserve Chair Janet Yellen signaled that the central bank is poised to increase interest rates next year starting as early as April. The greenback headed for gains this year against all except one of its 31 major peers, a feat it hasn’t accomplished since 1997, as Yellen said the impact of Russian turmoil on the U.S. economy is small. Hungary’s forint and the Polish zloty sank on concern the economic crisis that has driven the ruble down 44 percent this year will spread. The Swiss franc weakened the most in two months versus the euro after ... (full story)
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