Dollar steady on US economic resilience, euro sags
Chinese yuan eyes further stimulus details
Bitcoin gains on 39;Trump trade39;

SINGAPORELONDON, Oct 18 Reuters 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 thirdquarter growth figures, met with a muted response from markets, though subsequent comments from the country39;s central bank providing further details of Beijing39;s stimulus measures helped lift Chinese assets broadly.

Data on Thursday showed U.S. consumer spending beat expectations last month, which added to the belief among investors that U.S. rates may not need to drop as quickly as many thought just a couple of weeks ago.

The ECB cut euro zone interest rates by a quarter point on Thursday, in line with expectations, in a nod to the deterioration in economic growth across the region.

The euro, which is around its lowest since early August, is heading for its largest threeweek decline against the dollar since 2022, down around 3, as traders are now pricing in backtoback rate cuts at the ECB39;s upcoming meetings.

Adding to the dollar39;s shine was the rising prospect of Trump winning the November election, since his proposed tariff and tax policies are seen as likely to keep U.S. interest rates high.

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