US Dollar hits one-year high amid Donald Trump's economic policies
1 month, 1 week ago

US Dollar hits one-year high amid Donald Trump's economic policies

Hindustan Times  

The U.S. dollar revisited a one-year high against major peers on Thursday, as a fourth straight winning session from momentum sparked by Donald Trump's election victory eclipsed a rise in bets for Federal Reserve easing. On Thursday, the U.S. dollar hit a one-year high as Trump's election momentum continued, while bitcoin soared to a record $93,480. Elsewhere, the Australian dollar hovered near the previous session's three-month nadir after marginally weaker jobs data failed to move the needle on Reserve Bank of Australia policy expectations. "After an extended period of Australian jobs growth exceeding expectations, today’s softer jobs growth offers some modest indications of cooling within an exceptionally resilient labour market," said Tony Sycamore, an analyst at IG.

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