Trump's Shift in Stance on Dollar Strength

Reported 3 days ago

U.S. President-elect Donald Trump's recent supportive comments about a strong dollar mark a notable change from his previous stance advocating for a weaker dollar to address the trade deficit. The dollar regained some losses, impacting the Chinese yuan which fell to a three-month low. Additionally, the market anticipates potential interest rate hikes from the Bank of Japan and potential cuts from the Federal Reserve, while European markets prepare for upcoming economic indicators and potential political instability in France.

Source: YAHOO

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