The US dollar rose during today's trading and at the beginning of this week for the eighth week in a row with the prospects of inflation rising again under US President-elect Donald Trump, which may limit the Fed's ability to cut interest rates further.

Markets still expect that the Fed will provide another interest rate cut by 25 basis points by the end of the year at a rate of more than 68%.

As inflation data will gain more importance in the future, the next Inflation Report is scheduled for release next Wednesday, which will ease expectations of interest rate cuts and support the dollar and the dollar index rises.

Technically:-  The dollar index rose today against most major currencies, as we expect the rise to continue down to the main downtrend levels at 105.65 and then the levels of 106.40/50.

Any corrective decline of the dollar will be a good opportunity to reposition again, as we mentioned in the weekly analysis video here.