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

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 that the central bank may have to ease policy further - a view that was strengthened by a weak inflation print on Tuesday, sending the Swedish crown to a 6½-year low against the euro.