By: Reuters
The dollar is likely to extend gains in the upcoming week, continuing to draw support from growing signs of a stable U.S. recovery as well as a Federal Reserve plan to wind down most of its emergency lending early next year. Both factors have pushed the market's U.S. interest rate expectations forward despite pronouncements from the Fed that it will keep interest rates low for an extended period. The rate futures market Friday has priced in at least one quarter-point rate increase by the beginning of the second half next year. A few months ago, futures traders had factored in Fed tightening late in 2010.
http://www.cnbc.com/id/34480636
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