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Dollar solidly higher on rising bets of Fed hike by year-end

From reuters.com

The dollar remained aloft in Asian trade on Monday, after soaring to nearly seven-month highs against a basket of currencies as robust U.S. employment data prompted more investors to bet on an interest rate increase by year this year. U.S. nonfarm payrolls rose 271,000 last month, far exceeding the 180,000 new jobs for October economists polled by Reuters had predicted. Following the report, 15 of 17 primary dealers, the banks that deal with the U.S. Federal Reserve directly, said they expect it to raise rates at its next meeting in December, according to a Reuters poll. ADVERTISING Interest rates futures were ... (full story)

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