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The Emirates News Agency reported that the dollar rose against major currencies with a corresponding decline in cryptocurrency values. This movement reflects shifting investor preferences in the global financial markets. The report comes amid ongoing monitoring of currency and digital asset performance by market analysts.
Reuters reported that the dollar rose against major peers after a US-EU trade pact was announced. The pact is seen as a step toward reducing trade barriers between the two major economies. Investors responded positively, favoring the dollar in currency trades.
According to market data cited by Reuters, bitcoin fell 0.52 percent to $118,205.38. Ethereum saw a decline of 0.61 percent to $3,800.90 in the same period. These losses highlight the inverse relationship often observed between the dollar’s strength and risk assets like cryptocurrencies.
A Reuters assessment found the dollar index rose 0.24 percent to 98.48. The euro fell 0.25 percent to $1.1716 against the US currency. Markets in Japan and China were closed, contributing to lower trading activity in the region.
Rabobank’s Jane Foley stated that the dollar may hold its ground in 2026 despite forecasts of a decline by several major banks. She pointed to expectations of choppy ranges in the euro-dollar pair rather than a continued slide. This outlook is based on various economic indicators and policy decisions expected in the coming year.
The cryptocurrency market continues to be influenced by traditional financial trends including currency valuations, a sector outlook showed. Recent geopolitical factors and sector competition have added to the volatility experienced in 2026. Observers anticipate further movements based on upcoming economic releases and regulatory news.
