Dollar dips ahead of Powell, bitcoin climbs as investors weigh Trump win

Quick Summary:

NEW YORK :The dollar retreated from earlier highs on Monday ahead of comments from Federal Reserve Chair Jerome Powell, while cryptocurrencies rose on bets an assassination attempt on former President Donald Trump has boosted his re-election chances.

Trump has presented himself as a staunch supporter for cryptocurrency, although he has not offered specifics on his proposed crypto policy.

Crypto prices jumped, with bitcoin last up roughly nearly 5 per cent at $62,982 after reaching a two-week high of $63,273.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Highs Week York Last Bank Powell Trump Trade Dollar Cent Cents

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 22:56:46 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 536 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21630123

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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News Last Updated: 2 hours ago

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Publisher ID: #27

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