Reported 3 days ago
The dollar index has risen by 0.44% to a one-week high following the resignation of French Prime Minister Lecornu, which has negatively impacted the euro, and the election of pro-stimulus Sanae Takaichi as Japan's new leader, leading to a significant decline in the yen. The ongoing U.S. government shutdown poses downside risks for the dollar, while the markets anticipate potential rate cuts by the Federal Reserve and the European Central Bank. Precious metals prices have also surged due to increased demand for safe havens amid political instability and economic uncertainty.
Source: YAHOO