Loading ...LONDON (Reuters) – The U.S. dollar headed for its ninth straight week of gains on Friday, some measure of how the economic fortunes of the United States and its major economic peers are diverging after six years of financial turmoil.
A broad rise for the greenback was the main bet of most major investment houses this year but it has taken a very long run of relatively good U.S. numbers and a surge in concern over European and Japanese growth for the currency to deliver.
Investors are convinced a Federal Reserve meeting next Wednesday will rubber-stamp a shift toward higher interest rates in 2015, as suggested by research from the U.S. central bank this week.
That drove benchmark 10-year U.S. Treasury yields to their highest in over a month on Friday , while European stocks shrugged off weakness in Asia to inch higher. (.FTEU3)
more http://finance.yahoo.com/news/dollars-rise-pressures-commodities-amid-005730353.html