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Global markets: US dollar near 14-year-high

By Commodity News Service Canada

WINNIPEG, December 19 – The following is a glance at the news moving markets globally.

– The US dollar was near its highest level in 14 years in early activity on Monday.

The greenback was underpinned by ideas that president-elect Donald Trump’s fiscal expansion, proposed during his campaign, will lead to increased inflation.

An interest rate increase from the US Federal Reserve last week added to the currency’s upside.

– Residents of overseas countries made 551,000 trips to Canada in October, up 1.4 per cent from September, Statistics Canada said in a report on Monday.

Travel by Canadian residents to overseas countries also increased, rising 0.6 per cent from September to 1.0 million trips in October.

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