Dollar Strengthens Amid Brazil's Tariff Concerns; Bitcoin Surges to Record High

Reported 2 days ago

The U.S. dollar gained ground against major currencies, buoyed by investor optimism despite President Trump's tariff threats, particularly affecting the Brazilian real, which plummeted in response. As the tariff fears faded, Bitcoin surged to a new record high above $113,000, benefiting from increased institutional interest and favorable crypto policies. Market reactions included a rise in U.S. Treasury yields following positive jobless claims data, signaling a robust U.S. economy amidst global uncertainties.

Source: YAHOO

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