💨 Abstract

The US dollar strengthened on Thursday, boosted by expectations of growth-boosting and inflation-lifting policies from the incoming Trump administration. Low trading volumes were due to the Christmas and New Year holidays. While uncertainty remains over policy details, looser business regulations, tax cuts, and possible tariffs could increase price pressures and benefit the dollar. The Federal Reserve's interest rate cuts and inflation projections also contribute to the dollar's rally.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖