by Jibran Munaf | October 22, 2024 | Currencies
Goldman Sachs has forecasted that the euro could depreciate by as much as 10%—potentially falling below $1—if former President Donald Trump wins the U.S. presidential election on November 5 and enacts widespread tariffs and domestic tax cuts. In a note issued on...
by Jibran Munaf | October 22, 2024 | Currencies
The U.S. dollar remained near its two-and-a-half-month high on Tuesday, buoyed by expectations that the Federal Reserve will proceed cautiously with interest rate cuts, while the upcoming U.S. election adds a layer of uncertainty for investors. Strengthened by rising...
by Jibran Munaf | October 21, 2024 | Cryptocurrencies
Bitcoin surged close to $70,000 on Monday, fueled by a wave of inflows into exchange-traded funds (ETFs) linked to the cryptocurrency and growing optimism about future US regulations. The digital asset rose 1% before trimming some gains to trade at $69,005 as of 7:20...
by Jibran Munaf | October 21, 2024 | Currencies
Demand for the U.S. dollar surged last week as investors placed bets on a rally ahead of the upcoming U.S. presidential election, according to strategists at JPMorgan Chase & Co., who cited their proprietary metrics. The surge in buying is expected to continue in...
by Jibran Munaf | October 19, 2024 | Currencies
The U.S. dollar is set for its third consecutive weekly gain, buoyed by strong U.S. economic data, a dovish European Central Bank (ECB), and rising speculation of a Donald Trump election win. On Friday, the U.S. dollar continued its upward trend, marking a third...
by Jibran Munaf | October 15, 2024 | Currencies
The U.S. dollar climbed to its highest level in over two months against major currencies on Tuesday, buoyed by expectations that the Federal Reserve will implement modest rate cuts in the near term. Meanwhile, the yen continued its slide, edging closer to the...
