$BTC 🔵 Here are the most important developments:
• High demand for the dollar with market bets that the Federal Reserve may delay the issue of a new interest rate cut after Trump's victory.
⬅️ Therefore, we see a tangible decline in currencies against the dollar, and gold also recorded a decline greater than expected with the calming of US election fears.
• However, we see that the least declining currencies against the US dollar are the New Zealand and Australian.
• The focus remains tomorrow, Wednesday, awaiting the release of US inflation indicators.
⬅️ Where the previous inflation rate was 2.4% and the expected 2.6%, so any inflation rate less than 2.6% will keep the Federal Reserve committed to the issue of reducing interest rates and the decline of the dollar.
⬅️ However, if inflation actually records a number of 2.6% or higher, the dollar will become more fierce because it will send a message to the Federal Reserve that it must stop reducing interest rates.