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  • 950 Silverado Street La Jolla, CA 92037    •    1 (858) 412-6462
    Section 1
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    The Dollar Jumps To 14-Month High

    The US dollar jumped to a 14-month high against the euro on Tuesday as investors bet the Federal Reserve would hike interest rates earlier than expected, a view that helped knock down bond prices and weighed on global equity markets.

    The dollar consolidated broad gains from Monday after research from economists at the San Francisco Fed indicated investors may be underestimating when the US central bank is likely to hike rates. Benchmark US Treasuries yields rose to their highest in over a month and European shares slipped for a third straight session as companies that trade dollar-denominated commodities such as oil took a hit. Wall Street opened lower.

    The Fed research ramped up expectations that central bankers could signal an earlier than expected hike in rates at their policy-setting meeting next week on September 16-17.

    Recent data indicating a steadily strengthening US economy also has bolstered the camp that believes rates may rise sooner than the market has expected. Read more here.

    World Spot Prices
    (Updates Every 30 Seconds)
    -5.48

    Gold

    Bid: $1,748.10
    Ask: $1,749.12
    -0.18

    Silver

    Bid: $21.14
    Ask: $21.25
    -5.90

    Platinum

    Bid: $994.24
    Ask: $999.30