Dollar on Longest Winning Run in a Year on Trump Presidency
- Risk of Trump tariffs, upbeat US economy support greenback
- Euro slides to two-year low, flirting with dollar parity
This article is for subscribers only.
The dollar posted its longest weekly advance in over a year as Donald Trump’s presidential victory and persistent economic growth pushed traders to boost their bets on further dollar gains.
The Bloomberg Dollar Spot Index climbed as much as 0.7% on Friday, capping an eight-week rally, the longest since September 2023. The euro fell to a two-year low and the Swiss franc slid to the weakest against the greenback since July.