💨 Abstract

The US dollar reached a five-month high against the Japanese yen on Thursday, boosted by expectations of Trump administration policies that could spur growth and inflation next year. The dollar's gains are amid uncertainty about the specifics of these policies and the number of interest rate cuts the Fed might undertake. The Fed's latest inflation projections indicate a potential 50 basis points of cuts next year, and the dollar index currently stands at 108.13.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖