US dollar strengthens, EUR/USD weakened by French politics turmoil

From Investing.com: 2024-12-03 05:46:00

The US dollar rebounded against major peers as Trump threatened 100% tariffs on BRICS nations and US PMIs improved, raising Fed pause expectations. The S&P 500 and Nasdaq hit record highs, driven by tech stocks like Meta and Tesla. French political turmoil weighed on the euro as the nation faced a government collapse over a budget deadlock. Equity investors remained confident, adding to risk exposure despite tariff threats. Traders focus on US data and upcoming NFP report for clues on Fed policy outlook. Fed speeches by Waller, Goolsbee, and Kugler will also be monitored closely.



Read more at Investing.com: US Dollar Recharges, EUR/USD Drops on French Politics