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U.S. Dollar Set for Longest Run of Gains in a Year Amid Haven Demand
The dollar is set for its longest run of weekly gains in more than a year, as escalating geopolitical tensions boost demand for the haven currency. The Bloomberg Dollar Spot Index climbed as much as 0.7% on Friday to the highest level in two years. The gauge is set for an eighth week of gains, the most prolonged rally since September 2023. The latest moves came as investors rushed for safe assets amid concern about an escalation in Russia’s war in Ukraine. That compounded a dollar rally that’s been in place since early October, on the view Donald Trump’s potential global tariffs and tax cuts will fan inflation ... (full story)
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- Posted: Nov 23, 2024 8:40am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,624
