President Trump’s remarks caused a significant decline in the value of the dollar yesterday. The administration’s apparent indifference towards the recent sharp decline of the dollar has heightened market anxieties regarding a potential preference for a weaker currency. It comes after what seems to have been a form of verbal intervention aimed at bolstering the Read More
The U.S. dollar maintained its overnight gains against major currencies on Thursday following President Donald Trump’s decision to retract a threat of tariffs on several European NATO countries, highlighting the framework of an agreement with NATO regarding control of Greenland. The safe-harbour Swiss franc faced pressure, declining significantly from a three-week high, as gold also Read More
The euro reached a nearly seven-week peak against the dollar on Wednesday, supported by data indicating growth in euro zone business activity. In contrast, disappointing U.S. jobs data and anticipations of additional U.S. rate cuts exerted pressure on the dollar. In November, business activity in the euro zone experienced its most rapid growth in two-and-a-half Read More
The dollar saw a notable drop, while European stocks rallied, after a remark from an official of the incoming U.S. administration suggested that President-elect Donald Trump would avoid imposing tariffs during his inauguration, set for later that day. European equity markets experienced significant increases in afternoon trading after Trump would postpone the implementation of import Read More
