Dollar lower after Powell, crypto climbs as investors eye Trump win

Quick Summary:

NEW YORK :The dollar fell slightly on Monday after comments from Federal Reserve Chair Jerome Powell, while cryptocurrencies rose on bets that an assassination attempt on former President Donald Trump lifted his reelection chances.

The greenback fell to 157.15 as Powell spoke, its lowest since June 17, before quickly rebounding.

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

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Rate Cents Trump Going Fell Dollar Last Greenback Market Powell Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 22:56:46 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 625 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21637922

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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