Reported 19 days ago
The dollar surged to its highest level in a year after Donald Trump's victory in the U.S. presidential election, with analysts anticipating that his policies will maintain elevated interest rates and increase inflation. Bond yields rose sharply, leading to a broad strengthening of the dollar against major currencies, while the euro, yen, and other currencies weakened. Market volatility linked to the election highlighted the significant market moves as investors adjusted their positions in anticipation of continued dollar strength.
Source: YAHOO