Market News
Dollar on track for weekly gain after Trump election win - REUTERS
By Karen Brettell and Stefano Rebaudo
- US currency may consolidate on uncertainty over Trump policies
- Japanese yen suffers from widening interest rate differential
Nov 8 (Reuters) - The dollar rose on Friday and was heading for a weekly gain as investors evaluated the likely impact on the American economy of Tuesday’s election of Republican Donald Trump as U.S. president.
Analysts expect Trump's policy proposals -- including more trade tariffs, a clampdown on illegal immigration, lower taxes and business deregulation -- will boost growth and inflation.
But in the near term there remains considerable uncertainty over what policies will actually be introduced.
