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Euro rebounds as French bonds stabilize; bitcoin jumps past $100,000

LivemintLivemint · 16d
Euro rebounds as French bonds stabilize; bitcoin jumps past $100,000

The euro rallied as French government bonds stabilized following the collapse of France's government. Bitcoin hit a record high of $103,649 on expectations of a crypto-friendly regulatory environment under President-elect Donald Trump. The dollar dropped after higher-than-expected US jobless claims. The focus is now on the US nonfarm payrolls report, which is anticipated to show 200,000 jobs added in November. The euro was on track for a weekly loss, its fourth in the last five weeks, and the European Central Bank is expected to cut interest rates. The Japanese yen rose on speculation about a potential interest rate hike by the Bank of Japan. The South Korean won dipped slightly after market stabilization funds were activated following political unrest. The dollar index fell after weak US jobless claims data.

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