Confidence in the Fed raising rates rising

The dollar slowed the "bullish" move, but it's not in a hurry to give up the position against the main competitors. Markets played g Trump's victory and the main expectations of its new policy, which resulted in a slight pullback of the American currency. However, the advantage is on the side of the USD, which returns to the theme of the December rate hike.
Market confidence that the Fed will not stand idle at the next meeting, is growing again - the probability of increasing of borrowing costs currently exceed 80%.
In addition, markets are encouraged by the Trump's election promises, which featured an emphasis on fiscal stimulus. This implies a decrease in the need for monetary stimulus, and therefore more vigorous tightening of monetary policy of the Fed. Thus, the long-term prospects of the dollar continues to look positive, and if over the coming months the US economy will present no surprises, at the end of the year the currency will have to perform even more powerful rally.
EUR/USD, which currently is unable to rise above the mark of 1.08, remains under pressure with the prospect of testing new yearly lows near 1.07. The loss of this level will aggravate the outlook for the pair and will open the way to the area of ​​1.0640 and below.