US$ bulls nervous over March rate hike signals

London

FURTHER signs that the US Federal Reserve is swinging towards a March rise in interest rates kept the US dollar rising against the yen and a handful of other major currencies on Thursday, although the pace against a resilient euro was slower.

Governor Lael Brainard, a dove on the US central bank's open market committee, was the latest to say on Wednesday that an improving global economy and a solid US recovery mean it will be "appropriate soon" to raise rates.