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Dollar And Bitcoin Surge On Trump-Driven Momentum, While Euro And Yuan Weaken

by THEFUTURE.TEAM

November 12, 2024

The U.S. dollar hit a near four-month high on Tuesday as markets rallied on the prospect of favourable economic policies under Donald Trump’s incoming administration. Bitcoin, meanwhile, surged to an all-time peak, as Trump reaffirmed his vision for the U.S. to become the “crypto capital.”

The U.S. dollar index rose 0.16% to 105.59, nearing Monday’s high of 105.70. Kyle Rodda of Capital.com predicts Bitcoin could reach $100,000 by year-end if trends continue, driven by expectations of U.S. economic outperformance and potential aggressive trade policies.

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Trump’s control over Congress, projected by Decision Desk HQ, bolsters his pro-business agenda. As a result, the market has cut the likelihood of a Federal Reserve rate cut in December from 80% to 69%, given the inflationary risks tied to Trump’s tariff and immigration stances.

The euro, weakened by economic and political concerns, fell to $1.0642, its lowest since April, while the yuan dropped to a three-month low, trading at 7.2469 per dollar. Additionally, the Australian dollar, sensitive to China’s economic outlook, fell 0.33% to $0.65525, and the pound dropped to $1.2841 as markets anticipated UK employment data.

The euro also faces pressure from Germany’s internal politics, as Chancellor Olaf Scholz’s coalition faces calls for an early election, adding further uncertainty to the currency bloc’s economic outlook.

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Cyprus Emerges As A Leading Household Consumer In The European Union

by THEFUTURE.TEAM

June 30, 2025

Overview Of Eurostat Findings

A recent Eurostat survey, which adjusts real consumption per capita using purchasing power standards (PPS), has positioned Cyprus among the highest household consumers in the European Union. In 2024, Cyprus recorded a per capita expenditure of 21,879 PPS, a figure that underscores the country’s robust material well-being relative to other member states.

Comparative Consumption Analysis

Luxembourg claimed the top spot with an impressive 28,731 PPS per inhabitant. Trailing closely were Ireland (23,534 PPS), Belgium (23,437 PPS), Germany (23,333 PPS), Austria (23,094 PPS), the Netherlands (22,805 PPS), Denmark (22,078 PPS), and Italy (21,986 PPS), with Cyprus rounding out this elite group at 21,879 PPS. These figures not only highlight the high expenditure across these nations but also reflect differences in purchasing power and living standards across the region.

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Contrasting Trends In Household Spending

The survey also shed light on countries with lower household spending levels. Hungary and Bulgaria reported the smallest average expenditures, at 14,621 PPS and 15,025 PPS respectively. Meanwhile, Greece and Portugal recorded 18,752 PPS and 19,328 PPS, respectively. Noteworthy figures from France (20,462 PPS), Finland (20,158 PPS), Lithuania (19,261 PPS), Malta (19,622 PPS), Slovenia (18,269 PPS), Slovakia (17,233 PPS), Latvia (16,461 PPS), Estonia (16,209 PPS), and the Czech Republic (16,757 PPS) further illustrate the disparate economic landscapes within the EU. Spain’s figure, however, was an outlier at 10,899 PPS, suggesting the need for further data clarification.

Growth Trends And Economic Implications

Eurostat’s longitudinal analysis from 2019 to 2024 revealed that Croatia, Bulgaria, and Romania experienced the fastest annual increases in real consumer spending, each growing by at least 3.8%. In contrast, five member states, with the Czech Republic experiencing the largest drop at an average annual decline of 1.3%, indicate a varied economic recovery narrative across the continent.

This comprehensive survey not only provides valuable insights into current household consumption patterns but also offers a robust framework for policymakers and business leaders to understand economic shifts across the EU. Such data is integral for strategic decision-making in markets that are increasingly defined by evolving consumer behavior and regional economic resilience.