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Global Markets: Yellen lifts dollar as markets await Trump tax plan

Reuters  |  LONDON 

By Nigel StephensonLONDON (Reuters) - Growing expectations that the U.S. Federal Reserve will raise interest rates for the third time this year lifted the dollar on Wednesday, and European share prices rose as U.S. President Donald Trump's administration prepared to outline a new tax plan.Wall Street looked set to open higher, index futures showed. The dollar rose half a percent to a one-month high against a basket of currencies and yields on interest rate-sensitive two-year U.S. Treasury yields touched their highest since 2008 after Fed Chair Janet Yellen said on Tuesday it would be ...

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First Published: Wed, September 27 2017. 18:59 IST
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