Dollar Gains for Fifth Session on Tough Fed Talk

Oh that pesky dollar… With tough talk out of fed heads this week, that they could be raising rates again as soon as April, the dollar is higher for the fifth consecutive day against a basket of major currencies.

DOLLAR

Dollar strength is impacting oil, gold and other commodities as well as the broader equity market.

The implied probability of a rate hike at the Fed’s April 27th meeting jumped to 13.9% from 11.5% the prior day, according to the CME Group’s FedWatch tool. It was at just 1.9% last month.

fedprobablity032416

 

 

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