The US dollar has reached a two-year high after Donald Trump's win in the presidential election, causing significant effects on global currency markets.
The Bloomberg Dollar Spot Index has reached its highest level since November 2022, indicating a strong bullish sentiment among Wall Street strategists who predict further gains for the dollar.
Consequently, the euro has dropped to its lowest point in a year, and other currencies like the Japanese yen and Canadian dollar are also experiencing declines, nearing important psychological thresholds. This change in currency dynamics is leading analysts to reconsider their strategies due to the increasing strength of the dollar.