Hike bets hoist euro and bolster US dollar - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

German inflation running at its highest in nearly 50 years and a growing chorus of European Central Bank officials calling for big rate hikes has markets pricing a better-than-even chance of a 75 basis point rate hike next week.

Another month of manufacturing contraction is expected for August, with a reading of 49.2 forecast, marginally higher than the 49.0 reading in July.

The dollar is enjoying the last days of glory before the world ditch it for better currency. Let the looters use this opportunity very well.

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