XE Market Analysis: Dollar Stronger on Expected Rate Hike

OVERVIEW The US Dollar hit a nine month high against a basket of currencies as markets predict a Clinton win in the upcoming election.  The Pound stays out of favor as the BBA said some banks may start moving their operations to Europe before Christmas.  EU manufacturing surveys impress with a reading of 53.3 against an expected 52.6. HIGHLIGHT The Dollar Index is now at its highest level since early February as speculators in the markets increase their long positions as they believe Clinton will win the election and the FED will raise interest rates in December.  US DOLLAR The…

Source: XE news feed
XE Market Analysis: Dollar Stronger on Expected Rate Hike