Reported about 21 hours ago
The dollar has achieved its longest weekly gain in over a year following Donald Trump's presidential victory and sustained economic growth, prompting traders to increase their bets on further dollar appreciation. The Bloomberg Dollar Spot Index rose significantly, with the euro dropping to a two-year low and the Swiss franc weakening against the dollar. Speculation around Trump's policies fueling inflation and affecting interest rates contributed to this rally, although some analysts suggest a shift towards a more neutral outlook on the dollar may occur as macroeconomic factors come back into play.
Source: YAHOO