💨 Abstract

On Wednesday, the U.S. dollar hit a one-year high against major currencies, boosted by the "Trump trade" and expectations of higher inflation due to potential tariffs and government measures from the incoming administration. The dollar index climbed 0.43% to 106.44, buoyed by Donald Trump's victory in the presidential election and the Republican Party's control of both houses of Congress.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖