Analyst: Trump's election victory may reduce the possibility of a Fed rate cut

Analyst Sonja Marten from the German Central Cooperative Bank stated in a report that Trump's victory could potentially reduce the likelihood of the Federal Reserve cutting interest rates, thereby benefiting the US dollar.

She said that Trump's tariffs and immigration plans are expected to trigger inflation, while tax cuts will lead to short-term economic prosperity. "All of these would significantly decrease the possibility of the Federal Reserve cutting interest rates. In this scenario, it is anticipated that there will be a noticeable and positive response from the US dollar."