MARKET NEWS
Dollar rules as investors eye Trump's economic policies - REUTERS
Summary
- Dollar up about 10% since Sept; investors see more gains
- Futures traders positioned for dollar strength
- Investors await Trump inauguration
NEW YORK, Jan 16 (Reuters) - U.S. President-elect Donald Trump's imminent return to the White House and fading hopes for aggressive interest rate cuts have driven the dollar to multi-year highs, and investors see this strength continuing, aided by the new administration's pro-growth and inflationary policies.
The dollar index (.DXY), which measures the greenback's strength against six major currencies, has surged nearly 10% from its late-September lows to a more than two-year high.
