Fed rate hike expectations jolting currencies

24 March 2016, 18:15
Seth Dompreh
U.S. fifty dollar bills are run through a counting machine inside a currency exchange store in Mexico City, Mexico.

The dollar is flexing its muscles again, now that Fed officials are suggesting a rate hike may come sooner rather than later.

The dollar firmed as commodities sold off, sending the dollar index up 0.5 percent to just above 96. Platinum plunged more than 3.5 percent in its worse sell-off since January, while gold lost about 2 percent to $1,223 per troy ounce.......READ MORE

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