Dollar Gets a Boost as ‘Trumpflation’ Bets Return

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Dollar Gets a Boost as ‘Trumpflation’ Bets Return – Reuters

The US dollar climbed, on track for its first weekly rise in two, as progress of the US tax plan through the Senate raised hopes of a fiscal boost to the economy, though the lack of inflationary pressures checked gains.

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Ex-HSBC Trader Calls US Too ‘Aggressive’ in Front-Running Case

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Ex-HSBC Trader Calls US Too ‘Aggressive’ in Front-Running Case – Bloomberg

HSBC’s former head of currency trading in London made at least $500,000 in commissions by front-running a multi-billion-dollar deal that betrayed the bank’s duty to its client, according to US prosecutors.

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Dollar Near 10-Week Highs; Turkish Lira Tumbles

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Dollar Near 10-Week Highs; Turkish Lira Tumbles – Reuters

The dollar steadied close to its highest level in ten weeks, with strong US wages data at the end of last week giving investors confidence that the Federal Reserve will hike rates in December and again after that.

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