The dollar rose to a two-year high, and Wall Street unanimously bullish

GoldenOctober2024

2024-11-12 18:40:41

The Jin10 data on November 13th, the US dollar index rose to its highest level since November 2022, pushing the euro to its lowest level in a year, with other currencies also under pressure. The yen and the Canadian dollar also fell, heading towards key psychological levels. Since Trump’s re-election, with the prospect of the Republican Party sweeping both houses of Congress, strategists across Wall Street have unanimously turned bullish on the dollar. According to recent strategy reports, JPMorgan Chase, Goldman Sachs, and Citigroup all expect the dollar to pump further on the current basis.

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