Dollar rises as market looks ahead to Trump’s inauguration


The dollar was rising, rebounding slightly after recent declines.

Investors are looking ahead to the inauguration of US President-elect Donald Trump on Monday and the prospect of tariffs and growth-boosting measures such as tax cuts. They are expected to be inflationary and should boost the dollar.

“For now, the dollar may remain in a holding pattern, maintaining its overvaluation against some tariff-sensitive currencies,” ING’s Francesco Pesole said in a note.



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