Newscasts - US Morning Call: The dollar continues to strengthen after election result

Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_1iv8k9jy&referenceId=1_1iv8k9jy&pageId=Newscasts Source: 'Reuters - Business videos' Description: The dollar moved higher on Monday as the markets braced themselves for U.S. inflation data out on Wednesday and a throng of Fed speakers this week. Trading was light with U.S. bond markets closed for the Veterans Day holiday though stocks and futures are open. Short Link: https://refini.tv/3ULKmKJ Video Transcript: The Dollar continues to strengthen as investors adjust for Trump. Hello, and welcome to your US Morning Call. I'm Ramzan Karmali. Well, the Dollar moved higher on Monday as the markets braced themselves for US inflation data out on Wednesday and a throng of Fed speakers this week. Trading was light with US bond markets closed for the Veterans Day holiday, though stocks and futures are open. The Euro, which hit its lowest since June, has been pressured by US president-elect Donald Trump's proposals for tariffs on imports, which could hurt European exports and risk a global trade war. Analysts also assumed Trump's policies would put upward pressure on US inflation and bond yields, while limiting the Federal Reserve scope to ease policy. But gold prices declined for a second session on Monday. The higher Dollar and increase in risk appetite is hurting the precious metal. Additionally, it's also being weighed down by growing expectations the Fed will take a more cautious approach under a Trump administration. Meanwhile, Bitcoin soared to a record high, above $82,000 on Monday. That's on expectations that cryptocurrencies will boom in a favorable regulatory environment following the election of Donald Trump as US president and pro-crypto candidates to Congress. It's now more than doubled from the year's low of just above $38,500. Onto the equity markets now and on Friday, Wall Street hit fresh record highs and futures are pointing to a positive start to the day. The S&P 500 and the Dow notched their best week in a year. And many analysts believe the moves higher could continue. Markets can continue to go higher as long as we continue to keep inflation in check and the labor market stays relatively steady. In addition to that, the consumers a really important part of the equation. Stocks that rose following the US election result continued to gain. EV-maker Tesla, led by Trump supporting Elon Musk, surged 7.3% in pre-market trading after touching $1 trillion in market value on Friday for the first time since 2022. Over the weekend, Booking.com revealed it could cut jobs as part of its review of its organizational structure. In an e-mail statement, it said that no firm decision had been made just yet. The company is a unit of Booking Holdings, which only posted a 13.6% jump in operating expenses for Q3 last week. And finally, onto the oil markets and prices fell on Monday. The threat of disruptions from a US storm eased and perhaps more significantly, China's stimulus plan disappointed investors seeking fuel demand growth in the world's number two oil consumer. And that's your US Morning Call.