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.
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