from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/yellen-reinforced-hopes-of-rate-hike-in-december-2016111833850/
Yellen Reinforced Hopes of Rate Hike in December
US dollar extended recent rally as rate hike expectations were reinforced by Fed Chair Yellen's comments. US Treasury yields were also higher with 2-year yield and 10-year yield adding +1 bps and +5 bps to 1.03% and 2.28% respectively. Wall Street strengthened on better-than-expected macroeconomic data. DJIA and S&P 500 indices adding +0.19% and +0.47% respectively. In the commodity sector, crude oil had a volatile day with the benchmark contracts initially rising to 2-week highs before erasing gains.
from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/yellen-reinforced-hopes-of-rate-hike-in-december-2016111833850/
from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/yellen-reinforced-hopes-of-rate-hike-in-december-2016111833850/
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