Dollar Remains Bid

RISING DOLLAR: The dollar climbed as high as 108.30 yen from Monday’s 107.87 yen as expectations of a U.S. rate hike rose. Trump’s surprise election initially raised expectations the Federal Reserve might put off a rate hike until his plans were clear. But analysts say the latest comments from Dallas Fed President Robert Kaplan indicate the Fed is sticking to plans to act in December. “There appears no stopping the U.S. dollar’s recent ascent based on the current interest rate trajectory,” Stephen Innes of OANDA said in a report.

 

New York Times

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Stephen Innes

Stephen Innes

Senior Currency Trader and Analyst at OANDA
Stephen has over 25 years of experience in the financial markets and specializes in Asian currencies at OANDA. After having started his trading career with NatWest Bank, he is currently based in Singapore as a Senior Currency Trader and Analyst with OANDA, focusing on the movement of the Aussie Dollar and ASEAN Currencies. Stephen has an extensive trading experience in Interest Rate Futures, Money Markets and Precious Metals. Prior to joining OANDA, he worked with organizations like Cambridge Mercantile, Nat West, Garvin Guy Butler, Sumitomo Mitsui Banking Corporation. Stephen was born in Glasgow, Scotland, and holds a Degree in Economics from the University of Western Ontario.
Stephen Innes
Stephen Innes

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