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FX.co ★ Trader’s calendar on January 7: Where new president to steer usd?

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Forex TV:::2025-01-07T10:13:15

Trader’s calendar on January 7: Where new president to steer usd?

By the end of 2024, the US dollar became the top-performing currency on Forex among more than thirty of the most liquid currencies. Overall, American news and events remained one of the primary forces shaping global market sentiment.

Exceptional economic resilience, rapid progress in artificial intelligence, and of course, Donald Trump’s victory in the presidential election. Thanks to the “new old” president, the US dollar demonstrated its best performance since 2015.

Apparently, this trend will spread into 2025 on condition the US economy stays healthy. So, don’t forget to keep an eye on economic statistics and their impact on currency trends.

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