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US$ hits 11-week high on rising bets of rate hike

Wednesday, October 12, 2016 - 05:50

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The US dollar hit an 11-week high on Tuesday as investors upped their bets on the Federal Reserve raising US interest rates before the end of the year, and as doubts grew over Donald Trump's ability to win the US presidency.

London

THE US dollar hit an 11-week high on Tuesday as investors upped their bets on the Federal Reserve raising US interest rates before the end of the year, and as doubts grew over Donald Trump's ability to win the US presidency.

In Sweden, by contrast, market players are betting

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