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Currency Market Analysis

Global Themes

The U.S. dollar was mostly steady amid an absence of much data to sustain its drive to multimonth highs against a wide swath of peers. The dollar has taken to consolidating a weekslong rally that’s been fueled by generally decent data and rising expectations for the Federal Reserve to boost interest rates before the turn of the year. At last look, the likelihood of a rate hike in December increased to 78 percent, a lofty level that should help to limit moves to the downside in the dollar. The U.S. economy over the balance of the week will have a lot to say about its wellbeing and ability to wi

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