Currencies
Currencies News
Dollar Rallies Longest in 4 Years as Jobs Data Widens Policy Gap
The Bloomberg Dollar Spot Index gained for a seventh week, the longest rally in four years, as U.S. jobs gains fueled a widening gap between the Federal Reserve moving toward higher interest rates and further stimulus in Europe and Japan.
Russian Traders Step Up Rate Increase Bets as Ruble Plunges
Traders are stepping up bets that the Bank of Russia will boost interest rates over the next three months to curb inflation and stem the ruble’s plunge to a record.