Internet reports that in an environment of insufficient liquidity, the US dollar is moving steadily. Many traders are still on holiday during the holiday season, and there are no important data releases on Friday's U.S. economic data calendar. Since Trump won the presidential election on November 5, the dollar index has risen more than 4%. Trump's proposed policies, including trade tariffs and tax cuts, are expected to drive up inflation and limit the Fed'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.