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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Foreign Firms Contribute €3.5 Billion To Cyprus Economy In 2023

by THEFUTURE.TEAM

November 12, 2025

Recent Eurostat data reveals that Cyprus remains an outlier within the European Union, where foreign-controlled companies contribute minimally to the nation’s employment figures and economic output. While these enterprises have a substantial impact in other member states, in Cyprus they account for only 10 percent of all jobs, a figure comparable only to Italy and marginally higher than Greece’s 8 percent.

Employment Impact

The report highlights that foreign-controlled companies in Cyprus employ 32,119 individuals out of a total workforce that, across the EU, reaches 24,145,727. In contrast, countries such as Luxembourg boast a 45 percent job share in foreign-controlled firms, with Slovakia and the Czech Republic following closely at 28 percent.

Economic Output Analysis

In terms of economic contribution, these enterprises generated a total value added of €3.5 billion in Cyprus, a small fraction compared to the overall EU total of €2.39 trillion. Notably, Ireland leads with 71 percent of its value added stemming from foreign-controlled firms, followed by Luxembourg at 61 percent and Slovakia at 50 percent. On the lower end, France, Italy, Greece, and Germany exhibit values below 20 percent.

Domestic Versus Foreign Ownership

The data underscores Cyprus’s heavy reliance on domestically controlled enterprises for both employment and economic output. However, it is important to note that certain businesses might be owned by foreign nationals who have established companies under Cypriot jurisdiction. As a result, these firms are classified as domestically controlled despite having foreign ownership or management components.

Conclusion

This analysis emphasizes the unique role that foreign-controlled enterprises play within the Cypriot economy. While their overall impact is limited compared to some EU counterparts, the presence of these companies continues to contribute significantly to the island’s economic landscape.

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