Newsclip®: [Business] Prospect of early U.S. rate hike boosts dollar, bashes bonds | TODAYonline

"LONDON - Revived prospects of an early U.S. interest rate rise, possibly as soon as June, lifted the dollar to a near two-month high on Thursday and left bonds, stocks, commodities and emerging markets all nursing losses. Minutes from the Federal Reserve's last meeting caught the market off-guard by revealing most policymakers thought a June rise would be 'appropriate' if the U.S. economy continues its recent improvement. That suggested the central bank is closer to lifting rates again than most investors had expected and saw a scramble from traders to readjust.",

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