💨 Abstract

The U.S. dollar edged closer to a one-year high on Tuesday as investors watch President-elect Donald Trump's choice for Treasury Secretary, with former Federal Reserve Governor Kevin Warsh being seen as less protectionist than other candidates. The perceived likelihood of Warsh getting the job may have contributed to a Treasury rally on Monday. Markets expect Trump to cut taxes, potentially increasing the budget deficit. The U.S. dollar index rose 0.1%

Courtesy: theprint.in

Summarized by Einstein Beta 🤖