Dollar Set for Strong Weekly Rise as Markets Anticipate Fewer Rate Cuts
The U.S. dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed expectations of future interest rate cuts and with the view that President-elect Donald Trump's policies could stoke inflation.
The dollar has benefited from market expectation that Trump administration policies, including tariffs and tax cuts, could stoke inflation, leaving the Federal Reserve less room to cut interest rates.
Fed Chairman Jerome Powell said on Thursday the U.S. central bank did...
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