Golden Finance reported that in an environment of insufficient liquidity, the dollar trend was stable. Many traders are still off for the holidays and there are no major releases on the U.S. economic data calendar on Friday. The U.S. dollar index has risen more than 4% since Trump won the presidential election on November 5. Trump's proposed policies, including trade tariffs and tax cuts, are expected to push 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.