Dollar weakens as Trump advocates for lower rates, global stocks surge

From Investing.com: 2025-01-24 06:13:00

The Aussie and Kiwi currencies surged as Trump softened his stance on China, easing trade tensions. The Yen also rallied after the Bank of Japan raised rates and revised inflation forecasts, signaling potential further rate hikes. Meanwhile, the S&P 500 hit a new record high and gold continued its upward trend. Trump’s comments on interest rates and trade with China caused the dollar to slide against major currencies, with markets closely watching for potential rate cuts by the Federal Reserve. Global stocks celebrated the news, with European markets also rising on optimism for future trade deals.



Read more at Investing.com: US Dollar Slides After Trump Urges Central Banks to Lower Rates