💨 Abstract

The dollar is hovering near a four-month high as the market digests Republican Donald Trump's election win, with the Federal Reserve expected to cut interest rates by 25 basis points later in the day. The Fed's decision, coming after the U.S. presidential election, may indicate a slower and shallower pace of rate cuts due to Trump's growth-boosting policies.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖