US DOLLAR SET FOR WEEKLY GAINS AHEAD OF CORE INFLATION DATA
The US dollar was on track for weekly gains after a strong performance earlier in the week.
The dollar eased slightly on Friday as traders awaited key inflation data.
Focus is on the upcoming release of the Federal Reserve's preferred inflation gauge.
US DOLLAR FALLS AFTER REPORT ON TRUMP DELAYING TRADE TARIFFS The U.S. dollar fell on Monday. A report suggested that President-elect Donald Trump would delay imposing trade tariffs after his inauguration. This forecast had previously helped boost the U.S. dollar following Trump’s election victory in November.
Trump canceled 78 executive orders that Biden had signed. It is not yet known which specific orders were canceled. Trump also signed orders to stop new government rules and pause federal hiring. People cheered when the news was announced at Capital One Arena.
Donald Trump, the new US President-elect, has launched his own cryptocurrency called $Trump. The value of the coin quickly increased to around $5.5 billion. The cryptocurrency was created by CIC Digital LLC, a company linked to Trump's business. Meme coins like $Trump are popular online but can
Frank Elderson is an important member of the European Central Bank (ECB). He is worried about cutting interest rates too quickly. He thinks lowering rates fast could make it harder to control inflation in services. This could also slow down the economic recovery. Elderson believes careful decisions are needed to