Dollar Stalls as Traders Await Trump Policies and Fed Decisions

Reported about 12 hours ago

The U.S. dollar experienced a pause in its ascent as traders anticipated clarity on President-elect Donald Trump's proposed policies and considered the likelihood of fewer interest rate cuts from the Federal Reserve. Bitcoin surged towards $100,000 amid expectations of a more favorable regulatory environment for cryptocurrencies under Trump. While the dollar index decreased slightly, it remained close to a one-year high. Investors are also assessing potential impacts of Trump's trade pledges on global markets.

Source: YAHOO

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