Dollar Set for Third Weekly Gain as 'Trump Trade' Gathers Pace

FOREX - LONDON. The dollar headed for its third weekly gain in a row on Friday, helped by a dovish European Central Bank and strong U.S. data that is pushing out expectations for how fast U.S. rates can fall, particularly if Donald Trump wins the presidency.

A slew of economic data from China, including third-quarter growth figures, met with a muted response from markets, though subsequent comments from the country's central bank providing further details of Beijing's stimulus measures helped lift Chinese assets broadly.