Reported 2 days ago
With Donald Trump's return to the White House and fading prospects for interest rate cuts, the U.S. dollar has surged to multi-year highs, gaining nearly 10% since late September. Investors are optimistic about the dollar's strength due to the new administration's pro-growth and inflationary strategies, despite Trump's concerns about the dollar's impact on export competitiveness. The dollar's appeal remains robust as traders prepare for potential monetary policy shifts and tariff-related market impacts.
Source: YAHOO