Anya Andrianova

The dollar is headed for its best year in almost a decade as U.S. economic strength reins in expectations for the Federal Reserve's rate-cutting

The dollar is headed for its best year in almost a decade as US economic strength reins in expectations for the Federal Reserve's rate-cutting cycle

(Bloomberg) -- The US dollar rose Tuesday, capping its strongest yearly advance in nearly a decade as the solid US economy and President-elect Donald Trump's tax-cut and tariff policies promise to keep interest rates elevated.

El dólar se fortaleció el martes, coronando su mayor avance anual en casi una década, ya que la sólida economía estadounidense y las políticas de recorte de impuestos y aranceles del presidente electo, Donald Trump, prometen mantener elevadas las tasas de interés.

The loonie advanced as much as 1.2% to C$1.4280 Monday The US dollar trading weaker aided the Canadian currency rise

The Canadian dollar advanced after Canadian Prime Minister Justin Trudeau announced his resignation as head of the Liberal Party, triggering a contest to replace him as leader.

Wall Street is forecasting even more gains in the dollar as a resilient US economy and dwindling expectations for interest-rate cuts coincide with incoming President Donald Trump’s vows for harsh tariffs.

Wall Street is forecasting even more gains for the greenback as a resilient US economy and dwindling expectations for interest-rate cuts from the

(Bloomberg) -- Wall Street is forecasting even more gains in the dollar as a resilient US economy and dwindling expectations for interest-rate cuts coincide with incoming President Donald Trump's vows for harsh tariffs.

The Canadian dollar fell to its weakest in nearly five years following remarks from US President Donald Trump, who indicated that he would soon impose tariffs on the US’s neighbors.