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The dollar was up by about 1.65% against a host of different currencies, including the pound, euro and the Japanese yen The pound sank 1.16% against the US dollar to its lowest level since August
The Bloomberg Dollar Spot Index was up as much as 1.7%, the most in four years, hitting its highest level since November 2023. The greenback climbed against every G10 currency, including gains ...
The Stoxx Europe 600 index, the benchmark for the region, was up 1.3%. Germany’s DAX and France’s CAC rose 0.8% and 1.4% respectively, while London’s FTSE 100 was trading 1.3% higher on the day.
'The inflationary spiral' Tariffs have been one of the most talked-about promises of Trump's campaign. The president-elect has pledged to impose blanket tariffs of at least 10% on all trading ...
The US dollar has had a remarkably strong summer, and while its rise has eased in the days following a left-wing resurgence in France’s elections, it’s still on a gangbusters ride.
Donald Trump's proposed policies are likely to give the US dollar a boost during his second term, but a stronger US currency has the potential to unleash chaos in global markets, according to one ...
LONDON (Reuters) -Donald Trump's rapid confirmation as the next U.S. president unleashed the biggest one-day rally in the dollar in eight years and lifted stocks, as investors bet tariffs on ...
That comes after the blue-chip index hit a fresh all-time high on Friday and edged back above 40,000 following encouraging inflation data. The S&P 500 gained 0.3% and the Nasdaq Composite added 0.4%.