The US dollar has reached a one-year high against major currencies, driven by momentum from Donald Trump's election victory and expectations surrounding inflation. This marks the dollar's fourth consecutive winning session, despite a rise in speculation regarding potential easing by the Federal Reserve. Federal Reserve Chair Jerome Powell's recent comments indicated that there is no immediate need to lower interest rates, further supporting the dollar's strength. Additionally, mixed economic data from China has contributed to the dollar's performance, with traders reassessing their expectations for rate cuts. Overall, the dollar is positioned for a significant weekly gain as market dynamics shift.