Rising value of U.S. dollar could delay Fed's interest rate increase

April 7, 2015 1:36 PM

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The Los Angeles Times reported this week that Federal Reserve Chair Janet Yellen and other Fed policymakers are keeping a close watch on the dollar’s performance as they decide whether to raise rates, a decision widely expected later this year.

If the Fed raises rates, it could further bolster the value of the dollar against foreign currencies, making U.S. goods more expensive for overseas buyers and diminishing earnings for American companies that do business globally.

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