💨 Abstract

The dollar weakened on Thursday after Fed Chair Jerome Powell did not suggest an imminent pause in rate cuts, despite a stronger-than-expected jobs report. Traders also closed some profitable bets on a Trump presidency. The dollar index is down 0.67% at 104.40. Trump's policies, including tariffs, tax cuts, and looser business regulations, are expected to boost growth and inflation.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖