The U.S. dollar approached two-week highs on Tuesday morning after Atlanta Federal Reserve Bank President Dennis Lockhart said he predicts the U.S. central bank will raise interest rates at the October or December FOMC meeting.
The U.S. dollar made gains this morning as markets anticipate that central banks around the world will ease monetary policy. The anticipation comes in the wake of the Federal Reserve’s decision last week to maintain its current rate level.
The Dow Jones was up 15 points at 11:20 a.m. EST on Thursday as markets and traders cautiously prepare for a policy decision today from the Federal Reserve at 2 p.m. The S&P was flat, while the Nasdaq added a lackluster 9.7 points.