Asianfin -- The dollar reached its highest point in a year as Donald Trump gained momentum in the US presidential race, causing a sharp spike in Treasury yields. Investors speculated that Trump's policies would keep US interest rates high, further supporting the greenback. While Trump has historically advocated for a weaker dollar, many believe his policies could drive inflation and slow the Federal Reserve's interest rate cuts, ultimately strengthening the dollar. As Trump edges closer to victory in key swing states, he has pledged tax cuts and proposed imposing hefty tariffs on imports, moves that could weaken the currencies of some of America's major trading partners.