Dollar hits 13-month high as foreign investors overlook worries about Trump
The US dollar has reached a 13-month high as foreign investors prioritize market gains over concerns regarding Donald Trump.
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The brief
The US dollar recently hit a 13-month peak, though it has since eased following a release of economic data. While the currency has declined for two consecutive days, it remains on track for a weekly gain.
Coverage from The Washington Post highlights that foreign investors are overlooking worries about Trump. Bloomberg reports that Wall Street is embracing the currency as Warsh’s Fed activates bulls, while CNBC and Yahoo Finance track the subsequent price fluctuations.
Future movement depends on the impact of recently released economic numbers and the ongoing trajectory of the weekly gain.
Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 3h ago.
Quick answers
How high did the dollar climb?
The dollar reached a 13-month high.
Why are foreign investors continuing to support the dollar?
According to The Washington Post, investors are overlooking worries about Trump.
What caused the dollar to ease from its peak?
CNBC reports the ease occurred after a burst of economic numbers.
Coverage (5)
- Dollar eases from 13-month high after burst of economic numbers CNBC · 1h ago
- Wall Street Embraces the Dollar as Warsh’s Fed Activates Bulls Bloomberg.com · 4h ago
- Dollar eases from 13-month high after burst of economic numbers CNBC · 4h ago
- Dollar declines for second straight day but set for weekly gain Yahoo Finance · 4h ago
- Dollar hits 13-month high as foreign investors overlook worries about Trump The Washington Post · 4h ago
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