Dollar roars with bitcoin as Trump trades shine; euro, yuan slump

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Dollar roars with bitcoin as Trump trades shine; euro, yuan slump - Business Standard

Quick Summary:

Trump has warned that the euro bloc will "pay a big price" for not buying enough American exports, with cars a particular target.

The Japanese currency dropped to a three-month low of 154.715 per dollar last week.(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.

Potentially inflationary tariffs and immigration policies have seen markets pare back the likelihood of a quarter point Federal Reserve interest rate cut on Dec.18 to 69 per cent from nearly 80 per cent a week ago, according to CME Group's FedWatch Tool.