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Tuesday, November 26, 2024

The dollar crushes these currencies after Trump’s trade threats

The dollar crushes these currencies after Trump’s trade threats

The dollar jumped by more than two percent against Mexican peso One percent against the Canadian dollar.

And I retreated US currency Over the past few days, the Treasury market has welcomed the president-elect’s selection of Scott Besent, a hedge fund manager, to take over the Treasury portfolio.

And he scored Dollar indexwhich measures the performance of the US currency against six major currencies, had a latest reading of 107.37. And retreat euro 0.6 percent to $1.043175, while the British pound fell 0.4 percent to $1.2516, according to Reuters data.

Regarding China, Trump accused Beijing of not taking strong enough measures to stop the flows of illicit drugs into Mexico and thus across the border into the United States, by curbing the export of components involved in the drug industry.

And he said Trump “Until they stop this, we will impose an additional 10 percent tariff on China, on top of any additional tariffs, on all of its many products that come to the United States of America.”

China has previously denied the accusation.

The Australian dollar fell 0.75 percent to $0.64555, while the New Zealand dollar touched its lowest level in a year and recorded in the latest transactions $0.58075.

And on the level CryptocurrenciesIt was traded Bitcoin At $93,577, well below the record high of $99,830 it hit at the weekend.

Bitcoin witnessed profit-taking operations before reaching the symbolic $100,000 barrier, after it rose by more than 40 percent since the US elections held earlier this month amid expectations that Trump would ease regulatory measures for cryptocurrencies.



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