josevasquez23
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How do you guys think the Dollar will be affected now that Trump one the presidency?
How will Trump's presidency now affect the U.S Dollar
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Zerologic
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Shortly after Trump's victory was assured, the USD immediately strengthened against other currencies, this may be due to Trump's promise to increase trade tariffs on American trade partners by around 10%, and on China to increase trade tariffs by at least 60%, maybe a trade war will happen again with China. However, whether during Trump's term as president, the USD will strengthen is still a question.
Although no one can foresee the future, there’s reason to be optimistic thatTrump’s policies which he talked about during the election is kinda inclined towards making the US dollar strong again.
If Trump's administration takes a more pro-business and tax-friendly posture, the U.S. dollar might strengthen due to potential growth measures. However, his earlier focus on reducing trade deficits may lead to changes in the nature of global trade, which could impact dollar stability. The dollar may become more volatile as traders act to both domestic and international economic policies, and market confidence in his programs will be crucial.
If Trump's administration takes a more pro-business and tax-friendly posture, the U.S. dollar might strengthen due to potential growth measures. However, his earlier focus on reducing trade deficits may lead to changes in the nature of global trade, which could impact dollar stability. The dollar may become more volatile as traders act to both domestic and international economic policies, and market confidence in his programs will be crucial.
Zerologic
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The strengthening of the USD seems to be continuing, there is news that Trump has appointed Elon Musk to be the leader of the D.O.G.E (Department of Government Efficiency) which is tasked with dissecting government bureaucracy, cutting excessive regulations, eliminating useless budgets, and restructuring federal institutions. This move may be considered positive by the market which may add support to the strengthening USD.
