Newsclip®: [Business] Daily Report: Dollar Jumps on Fed June Hike Talks, FOMC Minutes Watched - Action Forex

"Daily Report: Dollar Jumps on Fed June Hike Talks, FOMC Minutes Watched Dollar strengthened as comments from Fed officials added to speculation of the chance of rate hike in June. Fed fund futures are now pricing in 15% chance of June hike, comparing 4% chance a day ago. Dollar index is back at 94.75 at the time of writing and is heading back to last week's high at 94.84. The greenback is also notably higher against Euro and Swiss Franc. Meanwhile, US equities tumbled on rate talk with DJIA closed down -180.73 pts, or -1.02% at 17529.98. The index is pressing key near term support level at 17484.23 and a break there could trigger steeper selloff. Similar picture is seen in S&P 500 which close down -19.45 pts, or -0.94% at 2047.21. Asian markets are mixed though as Nikkei is supported by the mildly weaker Yen. Meanwhile, WTI crude oil extends recent rally to as high as 48.76 so far and gold continues to consolidate in range around 1280. Forex, Forex Portal, Forex Trading.",

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