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The dollar rises and cryptocurrencies jump as hopes of a Trump victory increase

The dollar rose broadly, Monday, and cryptocurrencies jumped amid increasing expectations of Donald Trump's victory in the upcoming US presidential elections in the wake of an assassination attempt.

الدولار يرتفع والعملات المشفرة تقفز مع تزايد آمال فوز ترامب

Trading was limited during Asian trading, with markets in Japan closed for a public holiday, while news of Trump's shooting dominated market sentiment.


Price movements

The dollar rose, pushing the euro down 0.14 percent to $1.0895, and the pound sterling fell 0.09 percent to $1.2978.


Cryptocurrencies rose, as Bitcoin jumped nine percent to $62,760.


Ether increased by more than seven percent to reach $3,336.80.


In terms of other currencies, the Australian dollar fell 0.13 percent to 0.6775 US dollars, while the New Zealand dollar fell 0.3 percent to 0.6100 US dollars.


There was little change in the dollar index, which measures the performance of the US currency against a basket of six currencies, at 104.20.


The Chinese yuan was not greatly affected by local economic data and continued its losses, falling 0.13 percent to 7.2602 per dollar in the local market.


The yen reversed some of its gains made late last week and settled in the latest trading at 157.95 per dollar, although it remained near the highest level in almost a month at 157.30 recorded on Friday.


It is believed that Tokyo intervened in the market to support the faltering Japanese currency last week in the wake of the US inflation report, which was lower than expected, as Bank of Japan data indicated that the authorities may have spent up to 3.57 trillion yen ($22.4 billion) to support the currency on Thursday.

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