(May 18 Wednesday Bloomberg) Financial Markets are reawakening to the risk that the U.S. expedites interest rate increases, and that's buoying the dollar while denting emerging markets and commodities.
The dollar climbed to a seven-week high and Treasuries fell, pushing two-year yields to its highest since April, after Atlanta Federal Reserve President Dennis Lockhart and San Francisco's John Williams said Tuesday two rate hikes may be warranted this year. Chinese stocks tumbled to a two-month low and the rand led the selloff versus the greenback amid political tension in South Africa. Copper and gold fell for the first time in four days.
Click on the link below to see the full story from Bloomberg: (by James Regan and Stephen Kirkland)