Reported 1 day ago
The dollar declined significantly on Monday while European stocks soared after reports indicated that President-elect Donald Trump would postpone new tariffs upon his inauguration. The pan-European STOXX 600 rose 0.3%, with the dollar sinking 1.3% against major trading partners' currencies. Investors anticipate a more negotiation-friendly approach towards tariffs, which may stabilize trade flows. Meanwhile, the cryptocurrency market saw significant activity, with Bitcoin hitting an all-time high before retreating.
Source: YAHOO