The dollar rises modestly as markets continue to bet on the Federal Reserve raising interest rates by year-end. Last week's weaker-than-expected U.S. nonfarm payrolls data prompted markets to trim rate-rise bets but there is still a 25 basis-point move fully priced by December, LSEG data show. The Fed's meeting minutes are due Wednesday which could provide signals on policy. While Fed Chair Kevin Warsh said a rate rise wasn't discussed in June, the minutes could offer a "more nuanced picture of whether he has pushed for a faster shift towards a tighter policy stance," Danske Bank analysts say in a note. Danske expects rate rises in December and March. The DXY dollar index rises 0.1% to 100.945. (renae.dyer@wsj.com)
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Dollar Edges Higher on Fed Rate-Rise Bets — Market Talk
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The dollar rises modestly as markets continue to bet on the Federal Reserve raising interest rates by year-end. Last week's weaker-than-expected U.S. nonfarm payrolls data prompted markets to trim rate-rise bets but there is still a 25 basis-point move fully priced by December, LSEG data show. The…