According to Odaily Planet Daily, the dollar was stable in an environment of insufficient liquidity. Many traders were still on holiday during the holidays, and there was no important data release on the US economic data calendar on Friday.
The dollar index has risen more than 4% since Trump won the presidential election on Nov. 5. Trump's proposed policies, including trade tariffs and tax cuts, are expected to push up inflation and limit the Federal Reserve's room to cut interest rates.
Data shows that the market expects the Federal Reserve to further cut interest rates by 36 basis points by December 2025.
