U.S. stock markets and U.S. government bond markets were closed Monday for the Memorial Day holiday. However, the dollar edged higher on Monday as investors considered the prospect of a U.S. interest rate rise in the coming months. The moves came on a quiet day of trading, with stocks markets in the U.S. and U.K. closed for holidays. The timing of the Fed's next rate increase has been a key consideration for investors this year. Fed officials scaling back plans to raise rates by a percentage point in 2016 helped spur a rally in riskier assets and a decline in the dollar earlier this year.
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