Dollar Rises to High, Jolted by N. Korea Talk, Fed Speculation
- John Taylor said to impress Trump in interview for Fed chair
- Euro outlook remains clouded as Catalonia deadline extended
Rand Corp. Says N. Korea Bluffing With Nuclear War Threat
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The dollar extended gains late Monday after economist John Taylor was said to make a favorable impression on President Trump during an interview for the position of Federal Reserve chairman.
The Bloomberg Dollar Spot Index rose 0.3 percent as people familiar said Taylor impressed Trump, while the prospects of former Fed Governor Kevin Warsh faded. Trump was said to plan an interview with current Chair Janet Yellen on Thursday. Discussion of the next Fed chair gave fresh momentum to the dollar, pushing the currency up versus almost all G-10 peers, whereas it had seen mixed trading earlier in the session.