US Dollar Index hits four-month high post-Trump re-election, amid Euro weakness and Fed rate cut.

The US Dollar Index has climbed for six weeks, reaching a four-month high after Trump's re-election, despite a Fed rate cut. The Euro weakened against the US dollar amid concerns over potential tariffs and Trump's policies affecting Eurozone exports. The dollar gained against several major currencies but slipped against the Australian Dollar, Japanese Yen, and Canadian Dollar. Market analysts predict the EUR/USD rate could fall further due to expected interest rate differentials and economic policies. US stock indices hit record highs, supported by the Fed’s rate cut and optimism over Trump’s victory.

November 11, 2024
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