On Thursday, the US dollar paused its growth as investors wait for clearer signals from the new Trump administration. The market is hesitating, trying to predict how Trump's policies will affect Fed policy and thus future interest rates. Despite a slight decline in the dollar index, it still holds a significant part of yesterday's positions, approaching the 107.00 mark. Many analysts note that it is risky to sell dollars now, given the growing confidence of investors that the Fed may not cut rates at the December meeting. At the same time, most economists still expect a rate cut, but with less drastic cuts than previously forecast. The dollar has been strengthening for more than two weeks after the election, as investors speculate that Trump's policies could lead to higher inflation and a slowdown in the Fed's monetary easing. However, traders worry about the potential negative impact of Trump's campaign promises on tariffs on the global economy, especially on Europe and China. Currently, the market is waiting for Trump to form his cabinet, and the timing and scope of future policies will not become clear.
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