The dollar rose to a two-year high, and Wall Street was uniformly bullish
2024-11-12 18:59:39
The dollar index rose to its highest level since November 2022 on Tuesday, pushing the euro to its lowest level in a year and other currencies under pressure. The yen and Canadian dollar also fell, approaching key psychological levels. Since Mr. Trump's re-election, strategists across Wall Street have been uniformly bullish on the dollar as Republicans are expected to sweep both houses of Congress. According to recent strategy reports, JPMorgan Chase, Goldman Sachs and Citigroup all expect the dollar to rise further from its current level.
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