bets: The dollar also posted its biggest two-week advance against the yen since the 1980s, according to Bloomberg. The U.S. currency appreciation over the past two weeks came as Treasury yields surged on bets the new administration will boost spending and spark an increase in inflation. The greenback has strengthened for 10 straight days against the euro, the longest rally since the shared currency debut in 1999. Fed Chair Janet Yellen suggested Thursday the central bank remained on course to tighten policy. function global function ad Code markets/article dimensions id 1 0 2 1 10 strategy targeting targeting Modifiers ; ; window ; U.S. dollar momentum has been strong, said Vassili Serebriakov, a foreign-exchange strategist at Credit Agricole CIB in New York. We could see some consolidation ahead of the Thanksgiving holidays, but I suspect markets will continue buying into any U.S. dollar pullbacks. The move has further to go.
(news.financializer.com). As
reported in the news.
Tagged under bets, advance topics.