💨 Abstract

The U.S. dollar reached a 6-month high on Wednesday, driven by "Trump trades" ahead of U.S. inflation data. Investors expect policies of lower taxes and new trade tariffs under the incoming administration to be inflationary, which may curb the Federal Reserve's easing of interest rates. Meanwhile, the Japanese yen hit its weakest level since July, and the euro struggled due to political uncertainty in Germany.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖