Money

Dollar dips after soaring to 11-month highs

Written by Teunis Felter

The dollar slipped from an 11-month high against a basket of major currencies on Tuesday, pausing for breath after rallying almost 3 percent since Donald Trump won the U.S. presidential election. Trump’s shock victory has fueled expectations of higher U.S. growth, while his plans for heavy fiscal spending and trade protectionism are also seen as likely to fuel inflation. The dollar has had its best week in a year.

http://www.reuters.com/article/us-global-forex-idUSKBN1392E4?il=TheCenterNews.com

About the author

Teunis Felter

Teunis Felter has over 20 years experience as an author, editor, and scientist. When not exploring outside, he enjoys reading history, researching genealogy, and civilly discussing politics.