💨 Abstract

The U.S. dollar is set for its biggest weekly gain in over a month, as markets reassess future interest rate cuts and consider President-elect Trump's policies as potentially inflationary. The Fed Chair Jerome Powell said the central bank does not need to rush to lower interest rates, leading traders to reduce aggressive bets on a rate cut next month. The dollar gained against the Japanese yen and the euro, with the latter experiencing its second straight week of losses.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖