Dollar hits 14-year high as Trump-fueled bond sell-off resumes

According to a report from Reuters, “the dollar hit a 14-year high against a basket of currencies on Wednesday as a post-U.S. election sell-off resumed across global bond markets, lifting Treasury yields and attracting investors to the U.S. currency.”:

“The narrative on the dollar is strong,” said Simon Smith, chief economist at FXPro.

“A move higher in interest rates next month is now a near dead cert, with the implied path for rates next year also moving higher and providing further support for the dollar.”

The Trump effect kicking in.