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
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