Dollar Strengthens Amid U.S. Inflation Concerns and Euro Decline

Reported 30 days ago

The euro fell to its lowest level in 6.5 months against the dollar as fears of U.S. tariffs impacting the eurozone economy grew. The dollar index rose following the recent U.S. presidential election results, with analysts noting that upcoming policy changes could elevate U.S. inflation and support for the dollar, despite potential challenges stemming from narrow congressional margins. Meanwhile, the outlook for global currencies remains mixed amid uncertainties in Japan and disappointing economic data from China.

Source: YAHOO

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