Reported about 24 hours ago
The U.S. dollar rose slightly on Thursday amidst expectations that the incoming Trump administration's policies will enhance growth and inflation in 2025. Despite light trading volumes due to holiday breaks, analysts are optimistic that tax cuts and relaxed regulations will drive economic expansion, although concerns about immigration measures and tariffs could pose long-term risks. Recent jobless claims and retail sales data bolstered confidence in the dollar, which maintained a position just below a two-year high.
Source: YAHOO