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, m…