💨 Abstract

The U.S. dollar held near a 6-1/2 month high against major peers on Wednesday as markets paused on Trump trades, awaiting U.S. inflation data. The dollar benefits from Trump's victory, seen as inflationary due to his policies of lower taxes and trade tariffs. Meanwhile, Bitcoin edged off record highs. The core U.S. inflation gauge is expected to rise 0.3% in October.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖