Dollar at nine-month high on bets for Fed hike, Clinton victory

London

THE dollar hit a nine-month high against a basket of currencies on Monday, buoyed by expectations that the Federal Reserve will raise US interest rates this year and that Donald Trump will not become the US president.

After three straight weeks of gains, the dollar index - which tracks the greenback against a basket of six major currencies - rose as high as 98.846 in early trade on Monday, its strongest since Feb 3.