💨 Abstract

The U.S. dollar reached a two-year high on Tuesday, poised for an annual gain against most major currencies. The Federal Reserve's expected slower approach to rate cuts and increased inflation expectations due to President-elect Trump's policies have bolstered demand for the dollar. The euro, sterling, Australian and New Zealand dollars all weakened against the greenback, while the Japanese yen suffered from a wide interest rate differential with the U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖