30-12-2016 16:57 via news.yahoo.com

Dollar set for yearly gain despite brief euro surge

The U.S. dollar was on track to notch a fourth straight year of gains against a basket of major currencies on Friday, despite briefly tumbling against the euro during the Asian trading session on thin liquidity. The index has gained 4.3 percent since the Nov. 8 U.S. presidential election on expectations that U.S. President-elect Donald Trump's plan to boost fiscal stimulus would benefit the currency. The Federal Reserve's projections on Dec. 14 of three rate hikes for 2017 instead of the two for
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