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Trump’s strong dollar policies. Trump has promised to clamp down on immigration, impose tariffs, and institute another round of sizable tax cuts after extending the Tax Cuts and Jobs Act of 2017 ...
Moves in the Asia session were small but reflected the dollar's broad strength, with the Australian dollar edging to a one-year low on the U.S. dollar at $0.6325 and the New Zealand dollar at a ...
The US dollar, meanwhile, surged to its highest since November 2022. Earnings season has nearly concluded with 77% of S&P 500 firms beating third-quarter profit estimates.
The dollar is set for a big weekly gain of 1.7% against its major peers. [FRX/] The euro was up 0.35% on the day at $1.056625, but was set for a weekly loss of 1.4%.
A strong dollar is recognized to have many benefits but also potential downsides. Domestically in the US, the policy keeps inflation low, encourages foreign investment, and maintains the currency's role in the global financial system. [2] [3] Globally, a strong dollar is thought to be harmful for the rest of the world. [4]
The dollar slid against a host of European and Asian currencies, losing 0.6% against the euro to $1.090. It also tracked down 0.6% against the Japanese yen to 152.11 and 0.5% against China's yuan ...
Morgan Stanley's Mike Wilson says the stock market's bull run could slow if the dollar strengthens again. The dollar has gained about 2% this month as investors price in a slower Fed easing cycle.
The gauge of the dollar against a basket of major currencies has fallen 3.7% so far this month. However, the dollar's weakness may be limited because US equities are doing so well, Goldman Sachs ...