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 Dow Jones Industrial Average fell eight points in its opening hour as uncertainty over the Federal Reserve’s key meeting next week is weighing on trader sentiment.
Currencies from south of the border offer numerous opportunities for traders. Here, we look at the relationship between the U.S. dollar and the Mexican peso, Brazilian and Argentine currencies.
Brazil’s real declined to a one-week low as concern that Latin America’s largest economy will contract this year for the first time since 2009 made the currency less attractive to investors.
