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After being stable over three sessions, he returned Dollar The increase as investors lifted the dollar index against its main rivals to approach the highest level in a year at 107.07 recorded last week.
The dollar has risen more than two percent since the US presidential elections on November 5, amid bets that Trump’s policies could manage the fuse. Inflation and reduce future interest rate cuts.
A Reuters poll showed most economists expect the Federal Reserve to cut interest rates at its December meeting, and agree to fewer cuts in 2025 than previously expected. it was issued a month ago due to the risk of increased inflation due to Trump’s policies. .
The dollar index recorded 106.56, higher than the lowest level in a week recorded in the previous session.
The euro settled at around $1.054725 after falling 0.5 percent yesterday, Wednesday, returning to the lowest level last week at $1.0496.
The US currency gave up some of its gains against the yen, falling 0.33 percent to 154.91 yen, despite the Japanese currency remaining under pressure.
The British pound rose 0.07 percent to $1.2656. Yesterday, Wednesday, data showed that inflation in Britain jumped more than expected last month, rising again above the Bank of England’s target of two percent, which supports the approach -cautionary action used by the central bank in reducing interest rates.
Bitcoin reached an all-time high of $95,016 yesterday, Wednesday, supported by a report that Trump’s social media company is in talks to buy cryptocurrency company Bakkt.
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After being stable over three sessions, he returned Dollar The increase as investors lifted the dollar index against its main rivals to approach the highest level in a year at 107.07 recorded last week.
The dollar has risen more than two percent since the US presidential elections on November 5, amid bets that Trump’s policies could manage the fuse. Inflation and reduce future interest rate cuts.
A Reuters poll showed most economists expect the Federal Reserve to cut interest rates at its December meeting, and agree to fewer cuts in 2025 than previously expected. it was issued a month ago due to the risk of increased inflation due to Trump’s policies. .
The dollar index recorded 106.56, higher than the lowest level in a week recorded in the previous session.
The euro settled at around $1.054725 after falling 0.5 percent yesterday, Wednesday, returning to the lowest level last week at $1.0496.
The US currency gave up some of its gains against the yen, falling 0.33 percent to 154.91 yen, despite the Japanese currency remaining under pressure.
The British pound rose 0.07 percent to $1.2656. Yesterday, Wednesday, data showed that inflation in Britain jumped more than expected last month, rising again above the Bank of England’s target of two percent, which supports the approach -cautionary action used by the central bank in reducing interest rates.
Bitcoin reached an all-time high of $95,016 yesterday, Wednesday, supported by a report that Trump’s social media company is in talks to buy cryptocurrency company Bakkt.
