Measures Buck: Half-Dozen Rivals and Simon Derrick

measures buck: For the week, the index rose 0.1%. The greenback has gained 5.2% since November's presidential election, according to Market Watch. Investors expect President-elect Donald Trump to advocate for policies that will both accelerate economic growth and boost inflation. The U.S. Dollar Index DXY, -0.16% which measures the buck against a half-dozen rivals, was unchanged at 103.03, hovering near its 14-year highs. The dollar strength will continue into the next year, but after the inauguration we will find out if the new administration is willing to tolerate the strong currency, said Simon Derrick, currency strategist at BNY Mellon. We should watch what the new administration says after the inauguration, Derrick said. In order to make manufacturing in the U.S. competitive, something President-elect Trump advocated during the campaign, the dollar cannot continue to strengthen. (news.financializer.com). As reported in the news.