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Dollar Sees Record Winning Run Versus Euro on Trump Policy View


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Dollar Sees Record Winning Run Versus Euro on Trump Policy View

The dollar held a nine-day advance against the euro, its longest winning streak since the shared currency’s debut in 1999.

 

The U.S. currency touched its strongest level in almost a year, driven by expectations for U.S. President-elect Donald J. Trump’s reflationary economic policies and a reinforced view that the Federal Reserve will raise interest rates in December. It has appreciated over the past two weeks as Treasury yields surged on speculation the new administration will boost spending.

Generation Snowflake

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Fed Chair Janet Yellen suggested Thursday the central bank remained on course to tighten policy.

European Central Bank President Mario Draghi said the recovery in the euro-area economy depends on continued monetary support.

 

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Dollar Sees Record Winning Run Versus Euro on Trump Policy View

The dollar held a nine-day advance against the euro, its longest winning streak since the shared currency’s debut in 1999.

 

The U.S. currency touched its strongest level in almost a year, driven by expectations for U.S. President-elect Donald J. Trump’s reflationary economic policies and a reinforced view that the Federal Reserve will raise interest rates in December. It has appreciated over the past two weeks as Treasury yields surged on speculation the new administration will boost spending.

Generation Snowflake

veruca-salt.gif

 

Fed Chair Janet Yellen suggested Thursday the central bank remained on course to tighten policy.

European Central Bank President Mario Draghi said the recovery in the euro-area economy depends on continued monetary support.

 

199498_757progressives2.jpg

 


 

 

8b9b61d6e27f3cd4d500110c21529f03e57a2df7

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