November 25, 2024 – Written by Frank Davies
STORY LINK Trump Expectations Dominate the Pound, GBP/USD Bounces
The US Dollar traded lower at the Monday open following the news that President-elect Trump had nominated Scott Bessent to be Treasury Secretary.
The nomination of Bessent increased hopes of less disruptive US trade policies which triggered a dollar correction and recovery in European currencies, but underlying US currency sentiment remained strong.
The slide in yields has undermined the Euro while global developments dominated the…
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