Dollar Holds Steady Ahead of President-elect Trump’s Inauguration, Speech
The dollar was on the defensive at the start of a crucial week on Monday as Donald Trump returned to the White House, with his post-inauguration speech set to be a key focus for investors hoping to gauge his immediate policies.
The dollar index was at 109.16, still near a 26-month high of 110.17 hit last week.
President-elect Donald Trump is likely to issue as many as 100 executive orders within hours of being sworn in as the 47th President. His executive authority on day one will be to push through his top priorities related to border reform, energy and government, according to the Wall Street Journal.
According to Capitol Hill Republicans briefed on the call, Stephen Miller, Trump’s new White House deputy chief of staff for policy, briefed several top Republican leaders on the administration’s intentions on Sunday afternoon. They include declaring a national emergency on the US-Mexico border, revoking the Biden administration's diversity, equity and inclusion directives, and lifting Biden's restrictions on offshore drilling and federal lands.
Source : Newsmaker
