💨 Abstract

The dollar is hanging near a four-month high as investors digest the impact of Donald Trump's election victory and anticipate the Federal Reserve's decision to cut interest rates. The Fed is expected to cut rates by 25 basis points, but the market will focus on any clues suggesting a possible skip of a cut in December. Trump's policies may boost growth and inflation, potentially crimping the Fed's ability to cut rates further.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖