US dollar continues Trump-related broad uptrend

New York

THE dollar rose against the yen on Friday, extending a broad trend that has been in place since US President Donald Trump's election in November on expectations of more pro-growth policies to bolster an economy that has improved but sputtered at times.

The greenback has climbed for two straight days, pulling it back from seven-week lows against a basket of currencies on the view that it would gain from a rise in border tariffs, tax reform and future spending. "Donald Trump's ambitious fiscal plans point to stronger growth in the coming quarters," said Fawad Razaqzada, market analyst at Forex.com in London. "He has hit the ground running, making a number of executive orders in his first week as the president. So hopes that he will boost economic growth are alive and this may keep the dollar bid," he added.