Reported 10 months ago
The dollar gained strength on Tuesday, driven by political instability in France affecting the euro and economic weaknesses in China pushing the yuan to a one-year low. The yen, however, rose on speculation of an interest rate hike in Japan. Amid improving U.S. data and a forecasted increase in tariffs from President-elect Donald Trump, market expectations suggest the euro could drop to parity with the dollar by mid-next year.
Source: YAHOO