Dollar Triumphant
|The Dollar Index has soared 4.1 percent since the Friday before the American election. The euro is plausibly headed to parity. Shinzo Abe and Japan’s exporters have been given the gift of a weaker yen. The sterling is flirting with historic lows and commodity currencies are freighted with lower resource prices and potential trade disputes.
Is the surging U.S. currency due solely to the unexpected presidential victory of Donald Trump? Many of the current market trends predate the election of the New York billionaire to the White House but all seem to have been augmented since November 8th. Are Mr. Trump’s economic, financial and legislative policies likely to be as beneficial to the dollar as the markets assume?
What Congressional difficulties stand in the way of the new administration’s spending and regulatory plans come January 20th. Markets are in the first blush of a their reaction to the new unified Republican regime in Washington but as always the devil is in the details.
With the assurance that little in life works out exactly as planned join us as we examine some of the political and economic pitfalls that lie ahead for President-elect Trump and his administration.
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