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Stock impact report

Dollar sags to one-week low after safety bid, 'Trump trade' momentum wanes [Yahoo! Finance]

Bakkt Holdings, Inc. (BKKT) 
Company Research Source: Yahoo! Finance
decline from a one-week peak as the market catches its breath following the frantic rally in the wake of Donald Trump's election. A boost to the dollar and other traditional safe-haven currencies like the yen overnight proved short-lived, after Russia's foreign minister said the country will "do everything possible" to avoid the onset of nuclear war, hours after Moscow announced it would lower its threshold for a nuclear strike. Bitcoin pushed to a fresh all-time peak above $94,000, carried by expectations for a friendlier regulator environment for cryptocurrencies under Trump. The dollar index - which measures the currency against six major peers, including the yen and euro - fell to a low of 106.07 for the first time since Wednesday of last week, and stood at 106.18 at 0247 GMT. The index climbed to a one-year high of 107.07 on Thursday, buoyed by expectations for big fiscal spending, higher tariffs and tighter immigration under the incoming U.S. administration, measures whi Show less Read more
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