Dollar climbs on Trump’s Brics tariff threat and French political woes

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Financial Times 2d ago

Dollar climbs on Trump’s Brics tariff threat and French political woes - Financial Times

Quick Summary:

A series of strong economic reports have led investors to lower the likelihood of a December rate cut in recent weeks and to reduce bets on the scale of further easing next year.

The dollar index, a measure of the currency against six peers, climbed 0.7 per cent in New York trading on Monday.

Atlanta Fed president Raphael Bostic also said on Monday he did not want investors to expect a cut at every meeting of the Federal Open Market Committee, or that one at the upcoming December meeting was preordained.