Market News
Dollar rallies as Fed's Powell nixes rate cut bets - REUTERS
- Dollar heads for strongest week since September
- Pound sags after data shows UK economy slowed
- Trump plans on taxes, tariffs hit trade partner currencies
LONDON, Nov 15 (Reuters) - The dollar was set for its biggest weekly gain in over a month on Friday, supported by expectations of fewer Federal Reserve rate cuts and the view that President-elect Donald Trump's policies could stoke U.S. inflation when he takes office.
Volatility in the currency markets has run high this week as investors weigh up the potential tail-wind for the dollar from Trump's proposals on taxes and tariffs against what those plans mean for the rest of the world.
