The dollar index (DXY00) Wednesday rallied sharply to a 4-month high and finished up by +1.58%. The dollar soared Wednesday after Republican candidate Trump won the US presidential election. There is concern that Trump’s low tax and high tariff policies will boost inflation and slow the pace of Fed interest rate cuts, which is a bullish factor for the dollar. Also, Wednesday’s jump in the 10-year T-note yield to a 4-month high strengthened the dollar’s interest rate differentials. The markets are discounting the chances at 99% for a -25 bp rate cut at Thursday’s FOMC meeting and at 0% for a -5…