Foreign Exchange: Trump Agenda Fuels Fresh Dollar Buying, Pound Sterling Hits 1.26

Foreign Exchange: Trump Agenda Fuels Fresh Dollar Buying, Pound Sterling Hits 1.26

November 17, 2024 – Written by Tim Boyer

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The underlying dynamics remain intact in global markets and the dollar has continued to make gains with the currency index hitting 12-month highs.

There are expectations that policies under the incoming Trump Administration will lead to a stronger dollar through higher interest rates and aggressive trade policies. The Republicans have gained a small majority in the House…
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