Dollar, bitcoin slow momentum as markets eye US inflation

Quick Summary:

TOKYO: The U.S.dollar held below a 6-1/2-month peak against major peers and bitcoin edged further off record highs on Wednesday as markets hit pause on so-called Trump trades ahead of key U.S.inflation data later in the day.

Meanwhile, markets are pondering potential Trump tariffs against Europe, as well as China.

"Most of Trump's policy proposals argue in favour of USD strength, even if he himself prefers a weaker currency".

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Category: EconomyBusiness

Markets: MalaysiaAustraliaChinaGermanyJapan

Topics: /Business/Business News Inflation Trump Bitcoin Forex Dollar

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 14:02:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 640 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23566500

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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