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Trump-Trade Rally Pushes Dollar to Weekly Surge as Bonds Slump

  • Greenback extends record streak of gains versus euro
  • Oil advances after OPEC holds informal talks with Russia
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Yu: U.S. Dollar Move Not Brutal, but a 'Surge'

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The Trump-trade has dominated markets this week.

The dollar extended its record winning streak against the euro on speculation Donald Trump’s economic policies will trigger faster monetary tightening in the world’s largest economy. Bonds around the world slumped for the week, while global stocks wiped out their advance. Oil rose after OPEC member Algeria said the group’s meeting with Russia gave it confidence a deal can be reached to re-balance global markets.