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Dollar climbs to start 2026 after biggest annual drop in eight years
LONDON, Jan 2 (Reuters) – The U.S. dollar kicked off 2026 on a stronger note on Friday after struggling against most currencies last year, as traders awaited a flurry of U.S. economic data next week, including several reports on the labor market, to gauge the path of interest rates. A narrowing interest rate difference between […]
Dollar set for second straight week of gains after data shows US economic resilience
NEW YORK (Reuters) -The dollar edged lower but was still on track for the second straight week of gains against major peers on Friday after data continued to show U.S. economic resilience, which might complicate the Federal Reserve‘s efforts to cut interest rates. The dollar was down 0.1% to 149.65 against the Japanese yen, on […]
Bitcoin tops $118,000 for the first time, and keeps on going
Bitcoin has reached an all-time high, surpassing $118,000 as a flood of money moves into spot bitcoin ETFs, which have opened up cryptocurrency investing to millions. A soft U.S. dollar and the digital currency friendliness of President Donald Trump‘s administration has also helped to push the price of bitcoin to unprecedented levels recently. Last month the Senate passed legislation th[...]
