Fed's Logan: Data does not support skipping rate hike at next meeting – CNBC

Dallas Federal Reserve President Lorie Logan said on Thursday, as reported by CNBC, on a speech due later at the Texas Bankers Association 138th Annual Convention, that data at this time does not support skipping an interest rate hike at the next meeting in June. 

Market reaction

The US dollar is rising across the board, supported by Logan’s comments and recent US economic data. The DXY trades at 103.34, up 0.45% for the day, at the highest level since mid-March.