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Is the Dollar Due for a Bounce?

Trump’s tax plan and hopes for more Fed tightening could give the currency a lift.

Beleaguered dollar bulls have cause for hope after absorbing the most punishing six months in a decade.

With a little help from President Donald Trump and Federal Reserve Chair Janet Yellen, the tide may be turning for the world’s reserve currency. It’s risen from its lowest level in more than two years, spurred by the Republican leadership’s announcement of a long-awaited tax plan and the central bank’s signals that it’s looking past tame inflation and expects further tightening.

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