Firm dollar keeps peers on back foot ahead of BOE, Fed decisions

The dollar is holding steady after Donald Trump’s election win, with the Federal Reserve expected to cut interest rates. Trump’s victory has led to uncertainty about future rate cuts, as his policies could boost growth and inflation. Markets are also watching for central bank decisions in other countries. The Bank of England is likely to cut rates, while the Riksbank is expected to ease and the Norges Bank is likely to stay on hold. Overall, the market is waiting to see how the Fed’s decision will impact the dollar and yields.