Materials Up As Dollar Weakens -- Materials Roundup

Features Dow Jones Newswires

Shares of miners and other commodities producers rose as the dollar weakened against other currencies.

Continue Reading Below

The dollar declined against other currencies amid projections of a higher deficit in the event that a tax bill passes through Congress. Further, traders are skeptical that the Federal Reserve will stick to its plan to hike rates three times in 2018 after the central bank repeatedly backed off tightening plans earlier in the current cycle, said Jeffrey Pavlik, founder of hedge fund firm Pavlik Capital Management.

In a telephone interview with the Wall Street Journal Monday, Fed Bank of Minneapolis President Neel Kashkari said he believed his central banking colleagues could end the economic expansion if they carry through their planned rate increases.

--Rob Curran,

(END) Dow Jones Newswires

December 18, 2017 16:21 ET (21:21 GMT)