PVG Market in A Minute – March 10, 2015
PVG Admin
March 9, 2015
The Employment report on Friday was much better than expected. Bond prices took a nose dive, as did stock prices in reaction to the strong report. The market expectation quickly moved to the assumption that the Federal Reserve will likely raise interest rates in June rather than in September. In reaction to the change in expectations the dollar also rose. Rising interest rates in the U.S., as Europe executes its QE policy starting in March, could force the dollar even higher.
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Market in a Minute 2015-3-10