The euro exchange rate fell to the minimum level for almost seven months last night, at the same time as the yuan exchange rate fell to the lowest level in more than three months. Europe and China are the main targets of proposed tariffs that Trump may introduce. The dollar has risen to the highest level in four months compared to major currencies today, as the bitcoin rate continues to set record highs, reaching an all-time high of $89637 earlier this Tuesday.
"The USA will become the capital of cryptocurrency on this planet," Trump stated. The dollar index has risen, which...
The dollar remains at the highest level for the last year against major currencies, continuing a five-day trend of sustained income growth and Trump's victory in the U.S. presidential elections. It is expected that the increased customs duties and tightened immigration measures under the management of the elected president Trump will lead to an increase in inflation, which may slow down the actions of the Federal Reserve System.
The dollar rose above 156 yen for the first time since July. The euro fell to its lowest level since November 2023, reaching 1.0546 dollars, while the pound fell to a minimum for three months at the level of 1.2683 dollars.
