(New York) Four months ago the Dollar’s strong rally sputtered out. Since then the currency has weakened, but recently, the bull run is back and the Dollar is close to regaining all its lost ground. The Dollar is close to reaching the previous 12-year high it hit four months ago, and continued bullishness from the Fed seems to be stoking the trend. On the back of Janet Yellen’s hawkish comments yesterday, the Dollar jumped 0.5% against a basket of currencies, and is now just 1.4% off its March peak. However, according to this piece, some investors and traders say the…

(Washington) At the end of last week Fed chairwoman Janet Yellen made some important comments. Speaking in Cleveland, she said that she still thinks it will be “appropriate” for the Fed to take the “initial step” to raise rates and begin normalizing monetary policy in 2015. The comments are significant because it is the first time she has spoken since Greece descended into chaos and the Chinese market rout ensued. Overall, the speech gave no indication that the Fed had shifted from its previous stated course, though she did say that the labour market had some persistent slack. OxWFD: Bluff…It…

(Washington) The Federal Reserve has seemed intent on raising US interest rates for months, and despite the Greek crisis, Puerto Rico's debt problems, and the Chinese slowdown and market bubble, it still seems intent on doing so. This article says the Fed will only delay interest rate rises if current global turmoil has a material impact on the US economy, otherwise they may proceed with rate rises as planned. Since the Fed policy meeting a couple of weeks ago, numerous Fed officials have said that September may be the time when they hike rates. The piece says global issues could…