Dollar hits one-week high against key rivals ahead of Trump news conference

Dollar hits one-week high against key rivals ahead of Trump news conference
 

The U.S. dollar hit its highest level in a week against a basket of major currencies on Wednesday on expectations that Donald Trump would sound a pro-growth message in his first news conference as U.S. president-elect.
The latest rise in the dollar index, which measures the greenback against a basket of six major currencies, brought its gains since the Nov. 8 U.S. election to 5 percent. The index, which hit a 14-year high of 103.820 on Jan. 3, hit a session high of 102.950 on Wednesday.
Investors have been betting Trump will boost public spending and spur repatriation of overseas funds by... read more

 
11 January 2017 in World News, Views: 51
Source: Reuters
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