Dollar at one-year high as Trump trade momentum eclipses Fed easing view

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TOKYO : The U.S.dollar revisited a one-year high against major peers on Thursday, as a fourth straight winning session from momentum sparked by Donald Trump's election victory eclipsed a rise in bets for Federal Reserve easing.

Higher trade tariffs and tighter immigration under the incoming Trump administration are projected to fuel inflation, potentially slowing the Fed's rate cutting cycle longer term.

"The USD is a magical currency backed by carry, momentum, growth differentials, (and) impending fiscal and tariff kickers," said Chris Weston, head of research at Pepperstone.

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Category: EconomyBusiness

Markets: SingaporeAustraliaUnited States

Topics: Session Growth Cent First Time Inflation Dollar Wednesday Currency Expectations Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 09:38:56 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 582 words

Reading Time: 4 minutes read

Sentences: 19 lines

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Copyright Owner: © Channel News Asia

News ID: 23578184

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