The U.S. dollar continues to assert its dominance this morning, gaining strength against the euro and sterling while showing slight weakness against the Canadian dollar.
Read moreThe U.S. dollar continues to assert its dominance this morning, gaining strength against the euro and sterling while showing slight weakness against the Canadian dollar.
Donald Trump is set to be inaugurated as the 47th President of the United States. Republicans secure Senate control, markets react with significant gains, and global currencies fluctuate post-election.
The USD surged to an 11-week high yesterday after a robust retail sales report led investors to reduce bets on Fed rate cuts this year.
The USD rose modestly yesterday, as rising Treasury yields stalled early in the North American session and US equities closed in the black.
The USD gained 0.3% in risk-off trading yesterday, appreciating against all G10 counterparts except the Canadian Dollar.
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