Reported 13 days ago
The dollar climbed to its highest level in a year on Monday, driven by Donald Trump's presidential win, which has traders optimistic about his trade policies bolstering the US currency. The Bloomberg Dollar Spot Index increased by 0.5% amid expectations that Trump's administration will positively influence the dollar and negatively impact other currencies, including the euro. Analysts suggest ongoing economic strength in the US, coupled with weaknesses internationally, will keep supporting the dollar in the foreseeable future.
Source: YAHOO