Nigeria
2024-11-11 05:43
IndustryDollar Index Surges as Euro, Yen, & Pound Weakens
The dollar index has sharply increased following Trump’s election victory, with the USD appreciating notably against other major currencies like the euro, yen, and pound. Investors are moving towards dollar-denominated assets, anticipating policies that favor U.S. growth, such as tax cuts and deregulation. This "Trump Trade" effect is making the dollar more attractive as a safe-haven currency, while the euro, yen, and pound lose ground in comparison. These shifts reflect market expectations of stronger economic performance in the U.S., combined with inflationary pressures that could drive further increases in U.S. interest rates.
#topicdiscussion
Like 0
Loverth
Trader
Hot content
Industry
Event-A comment a day,Keep rewards worthy up to$27
Industry
Nigeria Event Giveaway-Win₦5000 Mobilephone Credit
Industry
Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit
Industry
South Africa Event-Come&Win 240ZAR Phone Credit
Industry
Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit
Industry
[Nigeria Event]Discuss&win 2500 Naira Phone Credit
Forum category
Platform
Exhibition
Agent
Recruitment
EA
Industry
Market
Index
Dollar Index Surges as Euro, Yen, & Pound Weakens
Nigeria | 2024-11-11 05:43
The dollar index has sharply increased following Trump’s election victory, with the USD appreciating notably against other major currencies like the euro, yen, and pound. Investors are moving towards dollar-denominated assets, anticipating policies that favor U.S. growth, such as tax cuts and deregulation. This "Trump Trade" effect is making the dollar more attractive as a safe-haven currency, while the euro, yen, and pound lose ground in comparison. These shifts reflect market expectations of stronger economic performance in the U.S., combined with inflationary pressures that could drive further increases in U.S. interest rates.
#topicdiscussion
Like 0
I want to comment, too
Submit
0Comments
There is no comment yet. Make the first one.
Submit
There is no comment yet. Make the first one.