Federal Reserve Chair Janet Yellen said she was “looking forward” to a U.S. interest rate hike that will be seen as a testament to the economy’s recovery from recession.
The dollar gained against the euro after the Federal Reserve chair Janet Yellen flagged an interest rate hike that may come in two weeks, while indexes lost ground. Gold fell to its lowest levels in six years and Treasuries were little changed. Oil dropped amid signs the world’s largest oil producers may not cut production when they meet this week.
