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FOREX-Dollar eases off 14-year peak as market braces for Trump reality check

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FOREX-Dollar eases off 14-year peak as market braces for Trump reality check

FOREX-Dollar eases off 14-year peak as market braces for Trump reality check*/

– * Dollar slips on profit-taking ahead of Trump inauguration* Some see ‘Trump rally’ ending, others expect longer leg* Yuan stabilises, offshore rate notably higher than onshoreBy Hideyuki SanoTOKYO, Jan 5 The dollar stepped further away from a 14-year peak against a basket of currencies on Thursday, as investors locked in gains from its two-month-old rally after Donald Trump won the U.S. presidential election.The dollar had soared on Trump’s plans to cut taxes, boost fiscal spending and protectionist trade rhetoric, all seen as inflationary and lifting U.S. bond yields.But uncertainty on exactly what his presidency will bring is prompting some players to close their bets on the dollar ahead of Trump’s planned news conference on Jan. 11.
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Dollar eases off 14-year peak as market braces for Donald Trump reality check

Dollar eases off 14-year peak as market braces for Donald Trump reality check*/

– Uncertainty over what exactly ‘Trump presidency’ will bring is prompting some players to close their bets on the dollar ahead of Donald Trump’s planned news conference on Jan 11.(File) Uncertainty over what exactly ‘Trump presidency’ will bring is prompting some players to close their bets on the dollar ahead of Donald Trump’s planned news conference on Jan 11.(File)The dollar stepped further away from a 14-year peak against a basket of currencies on Thursday, as investors locked in gains from its two-month-old rally after Donald Trump won the US presidential election.
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FOREX-Dollar eases off 14-year peak as market braces for Trump reality check

FOREX-Dollar eases off 14-year peak as market braces for Trump reality check*/

– Shutterstock photo* Dollar slips on profit-taking ahead of Trump inauguration* Some see ‘Trump rally’ ending, others expect longer leg* Yuan stabilises, offshore rate notably higher than onshoreTOKYO, Jan 5 (Reuters) – The dollar stepped further away from a 14-year peak against a basket of currencies on Thursday, as investors locked in gains from its two-month-old rally after Donald Trump won the U.S. presidential election.The dollar had soared on Trump’s plans to cut taxes, boost fiscal spending and protectionist trade rhetoric, all seen as inflationary and lifting U.S. bond yields.But uncertainty on exactly what his presidency will bring is prompting some players to close their bets on the dollar ahead of Trump’s planned news conference on Jan. 11.
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