💨 Abstract

The U.S. dollar reached a one-year high on Thursday, buoyed by momentum following Donald Trump's election and expectations of higher inflation and deficit spending under his administration. The euro and sterling weakened against the dollar, while bitcoin reached a fresh record high. The dollar index, which measures the currency against six major peers, touched 106.56, its highest level since November 2020. The U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖