The dollar index remained above 105 on Thursday, trading near four-month highs as investors awaited the Federal Reserve's latest policy decision.
The Fed is widely expected to cut interest rates by 25 basis points later today, with traders also seeking guidance on whether further rate cuts will follow in December. On Wednesday, the dollar soared nearly 2% after Republican Donald Trump's decisive victory in the US presidential election. The Republicans also regained control of the Senate, which could pave the way for significant legislative changes, although control of the House of Representatives remains uncertain.
Trump's policies—focused on reducing illegal immigration, raising tariffs, lowering taxes, and deregulation—are seen as potential drivers of growth and inflation. The prospect of higher government spending and increased debt further supported the dollar and lifted Treasury yields. The dollar held its recent gains, trading at multi-month highs against other major currencies.
Source : Trading Economics
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