US. The former (and future) President’s agenda is packed with domestic policies, which boosted dollar demand, leading to the index’s 2% rise on the day. The gauge, measuring the dollar’s valuation against six major forex currencies, hit a four-month high. The outlook is certainly looking bright for the buck. Trump has vowed to introduce tariffs on trading partners, which is seen as bullish for the dollar even as this move may strain some of the international relations of the US with major countries. Domestically, Trump has pledged to support small and mid-size businesses and concentrate his efforts on hiring US citizens and stimulating homegrown companies. All that bodes well for the US dollar. Still, other factors are in play and a big one is coming later on Thursday. The Federal Reserve is getting ready to decide the level of interest rates and a rate cut of 25 basis points is already priced in. The cut is expected to continue the US central bank’s rate-slashing cycle, which kicked off at the previous meeting when officials axed 50 basis points from borrowing costs.