Analysts: Trump's victory may reduce the likelihood of the Fed cutting interest rates

Sonja Marten, an analyst at Germany's Central Cooperation Bank, said in a report that Trump's victory could make the Fed less likely to cut interest rates, thereby benefiting the dollar. She said Trump's tariffs and immigration plans are expected to trigger inflation, while tax cuts will lead to a short-term economic boom. "All of this will greatly reduce the likelihood of the Fed cutting interest rates. In this case, the dollar is expected to react significantly and positively." (Jinshi)