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President-elect Donald Trump could announce as many as 100 executive orders within hours of being sworn in as the 47th President. His executive authority on day one is to push forward his top priorities related to the border, energy, and government reform, per the Wall Street Journal. According to Capitol Hill Republicans briefed on the call, Stephen Miller, Trump’s incoming White House deputy chief of staff for policy, briefed a few key Republican leaders on the administration’s intentions Sunday afternoon. They include declaring a national emergency on the US-Mexico border, rescinding Biden administration diversity, equity, and inclusion directives, and unwinding Biden’s restrictions on offshore and federal land drilling. Market reaction The US Dollar Index (DXY) is trading 0.02% higher on the day at 109.37 as of writing. US Dollar FAQs The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the world’s reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away. The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is…