Currency Appreciation: Interest-Rate Increase and Treasury Yields

currency appreciation: Traders see an interest-rate increase next month by the Federal Reserve as a virtual lock, enhancing the appeal of dollar holdings, according to Bloomberg. The U.S. currency appreciation over the past two weeks came as Treasury yields surged on bets the Republican president-elect spending pledges will spark faster inflation. The greenback touched the strongest level against the yen since May and appreciated the past 10 trading sessions versus the euro, an unprecedented streak. Fed Chair Janet Yellen suggested Thursday the central bank remained on course to tighten policy next month. function global function ad Code markets/article dimensions id 1 0 2 1 10 strategy targeting targeting Modifiers ; ; window ; It right to assume that if we get sizable fiscal stimulus, it is and should be dollar-positive, said Daragh Maher, head of U.S. currency strategy in New York at HSBC Holdings Plc. The U.S. currency added 7.6 percent over the past two weeks to 110.91 yen, and reached the highest since May. That the fixation and you don t fight it. (news.financializer.com). As reported in the news.