Currencies

The dollar soared to its highest since April 2003 against a basket of currencies on Wednesday, reaching its strongest in a year against the euro as major banks and investors debated the possibility of another move toward euro-dollar parity.

Expectations of higher interest rates have pushed up the U.S. dollar against other currencies.

Expectations of higher interest rates have pushed up the U.S. dollar against other currencies.

The dollar rose on Tuesday to an 11-month high against a basket of currencies as a surprisingly large gain in October U.S. retail sales lifted bond yields to 10-month peaks and supported the outlook for an interest rate increase next month.

The dollar rose on Tuesday to an 11-month high against a basket of currencies as a surprisingly large gain in October U.S. retail sales lifted bond yields to 10-month peaks and supported the outlook for an interest rate increase next month.

The yuan fell to its lowest level against the dollar in nearly eight years Tuesday, continuing a recent drop that has accelerated since Donald Trump's victory in the U.S. presidential election.

The yuan fell to its lowest level against the dollar in nearly eight years Tuesday, continuing a recent drop that has accelerated since Donald Trump's victory in the U.S. presidential election.

Asian shares were mostly lower Monday but Japan's benchmark got a boost from a weaker yen.

Asian shares were mostly lower Monday but Japan's benchmark got a boost from a weaker yen.

Investors are getting quite comfortable with President-elect Trump.

Investors are getting quite comfortable with President-elect Trump.

European shares opened higher Monday after a mixed day in Asia, where Japan's benchmark got a boost from a weaker yen.

European shares opened higher Monday after a mixed day in Asia, where Japan's benchmark got a boost from a weaker yen.

Asian shares were mixed Friday and the dollar recovered, but expectations grew that President-elect Donald Trump's trade policies might fuel inflation, even as some of the initial jitters have subsided.

Asian shares were mixed Friday and the dollar recovered, but expectations grew that President-elect Donald Trump's trade policies might fuel inflation, even as some of the initial jitters have subsided.

Mexico's peso continued its steep decline against the U.S. dollar, falling to a record low of 21 to $1 on Friday, as Mexican officials prepared for a possible wave of Mexicans returning from the United States.

Mexico's peso continued its steep decline against the U.S. dollar, falling to a record low of 21 to $1 on Friday, as Mexican officials prepared for a possible wave of Mexicans returning from the United States.

Mr. Trump has morphed from a mud and gun slinging politician to a potentially proficient and professional President-Elect. Financial markets are taking notice.

Mr. Trump has morphed from a mud and gun slinging politician to a potentially proficient and professional President-Elect. Financial markets are taking notice.

Investing in Mexico, China and other emerging markets has never been for the fainthearted.