Reported about 4 hours ago
The dollar strengthened following President-elect Donald Trump's announcement of new tariffs on Mexico, Canada, and China, shifting market expectations from more moderate economic strategies. The Bloomberg Dollar Spot Index increased by 0.4%, while the Canadian dollar and Mexican peso experienced significant declines. Trump's chosen economic advisor, Kevin Hassett, is expected to drive protectionist policies, which analysts predict will lead to further volatility in currency markets. Major financial institutions anticipate the dollar's rally to continue, with expectations of its appreciation against the euro.
Source: YAHOO