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Dollar retains strength against peers on Trump trade - REUTERS

NOVEMBER 15, 2024

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  • Bitcoin pulls back from record high
  • Yen trades below 156 per dollar
  • Euro hits weakest since November 2023
  • Dollar index hits one-year high

NEW YORK, Nov 14 (Reuters) - The U.S. dollar strengthened against major peers on Thursday, trading at a one-year high and headed for a fifth straight session of gains, propelled by market expectations since Donald Trump clinched a dramatic return to the White House.
Markets anticipate that the incoming Trump administration will impose trade tariffs and tighten immigration as well as deepen the deficit, measures deemed to be inflationary.

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