Dollar gains on yen on bets of US growth, inflation
Lucian Nemoiu
NEW YORK :The U.S. dollar hit a five-month high against the Japanese yen on Thursday on expectations the greenback would be boosted next year by policies by the incoming Donald Trump administration that are expected to boost growth and lift inflation. Trading volumes were light on Thursday with many traders on holiday after Wednesday’s Christmas holiday and before next week’s New Year holiday. Looser business regulations and tax cuts are expected to help propel U.S. growth next year while
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