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Dollar grinds higher ahead of Trump news conference
The dollar gained ground against the yen, euro and pound on Wednesday, as expectations of a pro-growth message from U.S. President-elect Donald Trump's first news conference prevailed over worries about what he will say on trade and China. The dollar has gained broadly since Trump's victory in November as investors bet he would boost public spending and spur repatriation of overseas funds by U.S. companies, policies expected to bring higher inflation and interest rates. But more doubts have emerged in recent weeks about that narrative, and investors will have a close eye on what the new president says about labeling ... (full story)