U.S. Dollar Hits One-Year High as Bitcoin Reaches New Record
Update: 2024-11-14
Description
The U.S. dollar surged to a one-year peak, driven by rising Treasury yields and expectations of fiscal expansion under President-elect Trump. Meanwhile, Bitcoin hit a new all-time high of $93,480, boosted by Trump's crypto-friendly promises. The dollar’s strength signals potential inflation concerns and a more cautious Federal Reserve rate-cutting cycle ahead, as both the dollar and Treasury yields continue their upward momentum.
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