Dollar dips, stocks creep higher as second Trump term dawns.

The dollar drifted lower and stocks were cautiously positive on Monday as investors waited for an expected flurry of policy announcements in the first hours of Donald Trump’s second presidency and eyed a rate hike in Japan at the end of the week.

He has stoked expectations he will issue a slew of executive orders right away and, in a reminder of his unpredictability, launched a digital token on Friday, which soared above $70 before sliding to around $50 as traders turned uneasy.

The dollar is up more than 8% on the euro since September and at $1.0306 is not far from last week’s two-year high. But so much is priced in that some analysts feel a more gradual start to U.S. tariff hikes may draw out some sellers.

Source: FINANCE.YAHOO