Dollar set for finest week considering that November on United States rates, financial outlook
By Rae Wee and Greta Rosen Fondahn SINGAPORE (Reuters) -The dollar was on track for its greatest weekly efficiency given that early December on Friday, propped up by expectations that the U.S. economy will continue to outshine its peers worldwide this year and U.S. rate of interest will remain raised for longer. The greenback started the brand-new year on a strong note reaching a more than two-year high of 109.54 versus a basket of currencies on Thursday as it extended an outstanding rally from in 2015. A more hawkish Fed and a resistant U.S. economy have actually led U.S. Treasury yields to increase, triggering the dollar to charge greater. Paired with expectations that policies by U.S. President-elect Donald Trump will enhance development this year and possibly contribute to cost pressur...
