Dollar rises to two-week high as market prices in 86% odds of Fed hike
- —Dollar index +0.55% to 99.55, ending a two-week decline
- —CME FedWatch: 86% odds of a 25 bps Fed hike on September 15-16
- —Euro -0.5% to $1.1500 after the ECB raised rates to 2.50%
- —Brent +3% to $112 after attacks on Saudi pipelines
Why it matters: Fed tightening and rising oil prices weigh on risk assets, including bitcoin, ahead of meetings of the Fed, Bank of England and Bank of Japan.
Source: Blockonomi