US dollar strengthens on fresh rate hike expectations
Investor optimism is up following reports that US President Joe Biden agreed a bill to remove the government debt ceiling with speaker of the House of Representatives Kevin McCarthy.
Investor optimism is up following reports that US President Joe Biden agreed a bill to remove the government debt ceiling with speaker of the House of Representatives Kevin McCarthy. What's more, the latest data published on Friday show that consumer spending rose above expected levels in April. The US dollar is up on expectations of a rate hike from the Fed at its next meeting.
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