NY foreign exchange market = Dollar rises, assessing the policies of the Federal Reserve and Mr. Trump.

November 21, 2024, 6:42 AM GMT+9, New York foreign exchange market, the dollar rose (excerpt).

The dollar has risen in the New York foreign exchange market. There are movements in the market to assess the monetary policies of the Federal Reserve (FRB) and the direction of future President Trump's policies.
In late trading, the dollar index against major currencies rose by 0.52% to 106.65. The dollar/yen rose by 0.43% to 155.31 yen. The euro/dollar fell by 0.5% to 1.0542 dollars.
The dollar index has risen by about 3% since the US presidential election. Views have emerged that Trump's policies could lead to a resurgence of inflation, slowing down the Federal Reserve's pace of interest rate cuts, which has become a supporting factor for the dollar.
The Fed's interest rate cut outlook in the short-term financial market has diminished. According to CME FedWatch, the probability of a 0.25% rate cut being decided at the December meeting has decreased from 82.5% a week ago to 52%.