US STOCKS-Wall St set to open lower as dollar rises

martes 26 de mayo de 2015 09:16 GYT
 

* Business spending rises in April

* Dollar hits one-month high

* Time Warner Cable up on Charter deal

* Futures down: Dow 41 pts, S&P 7 pts, Nasdaq 14.25 pts (Adds details, comments, updates prices)

By Tanya Agrawal

May 26 (Reuters) - Wall Street was set to open lower on Tuesday after the dollar jumped to a one-month high on data showing that U.S. business investment spending plans increased solidly for a second straight month in April.

Federal Reserve Chair Janet Yellen said on Friday that the central bank could raise interest rates this year if the economy keeps improving as expected.

The dollar was hovering at an eight-year high against the yen and a one-month peak against a basket of other big currencies.

"It isn't normal to see such large moves in currencies," said Adam Sarhan, chief executive of Sarhan Capital in New York.   Continuación...