Dollar notches weekly gain as traders reassess rate cut expectations

The U.S. dollar was on track for its most significant weekly gain in over a month as market expectations shifted towards fewer interest rate cuts. This shift was influenced by the belief that President-elect Donald Trump’s policies could fuel inflation, giving the Federal Reserve less leeway to reduce rates. The U.S. dollar was on track for its most significant weekly gain in over a month as market expectations shifted towards fewer interest rate cuts. This shift was influenced by the belief that President-elect Donald Trump’s policies could fuel inflation, giving the Federal Reserve less leeway to reduce rates.  Economic Times