He global dollar fell and he Bitcoin reached a new high before the inauguration of donald trump as president of USA this Monday, with investors focused on policy announcements that could immediately affect the greenback.
Trump takes office with an ambitious agenda that encompasses trade reform, crackdowns on immigrationtax cuts and a more flexible regulation of the cryptocurrencies.
The data of inflation weaker in the United States and the prospect of multiple rate cuts by the Federal Reserve (Fed) have recently boosted risk assets, including Bitcoin, which hit an all-time high of $109,071.86.
He dollar indexwhich measures the US currency against six similar currencies, fell 0.32% to 109.08. It hit a 26-month high of 110.17 last week and has risen 4% since Trump’s victory in November as traders anticipate his policies will boost growth and inflation.
He euro It rose 0.39% to $1.031, but remained near a two-year low hit last week due to tariff threats.
He yen was last trading at 156.11 per dollar, not far from the one-month high of 154.98 hit on Friday, and sources told Reuters the Bank of Japan (BoJ) will likely raise its policy rate this week, barring market shocks when Trump takes office.
However, trading volume was expected to be reduced because the US markets were closed for the holiday. Martin Luther King Jr. Day.
Meanwhile, the executive directors of Wall Street They told investors that the incoming US administration would be pro-business and good for banks.
The post-election recovery S&P 500 has cooled to a 2.7% gain, following a sell-off in early January on inflation fears.
During the first year of the first Trump administration, the S&P 500 rose 19.4%, following a 5% rally in its first 100 days in office. Oval Office. Throughout Trump’s first term, the S&P 500 rose almost 68%, but markets suffered bouts of volatility, stemming in part from a trade war that he freed with China.
Source: Ambito