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Is Trump making the dollar strong?
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© Commerzbank
29 November 2024: Is Trump making the dollar strong?
The US dollar has gained significantly against other currencies since Donald Trump's election as US President. However, this appreciation will only prove sustainable if the Federal Reserve fights the inflationary consequences of the policies announced by Trump, which would, however, go against his trade policy. If the Fed were to allow higher inflation, the US dollar would ultimately suffer from Trump's policies.
