Dollar sags to one-week low after safety bid, 'Trump trade' momentum wanes

By CNBC   |   1 year ago
Dollar sags to one-week low after safety bid, 'Trump trade' momentum wanes

The U.S. dollar weakened against major currencies after a brief rally post-Trump's election. Bitcoin hit a new high amid expectations of favorable crypto regulations under Trump. Dollar index fell, influenced by geopolitical tensions and uncertainty over Trump's cabinet picks. Fed unlikely to cut rates soon.

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