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USDOLLAR Remains Strong Despite Trump Comments

Over the weekend President Trump said that the US dollar is too strong. Whilst there was an initial reaction when markets opened, this was faded and we view that the greenback is likely to stay strong due to stronger US treasury yields and weaker global yields. I.e. the dollar is the beneficiary of weak global growth. We note that this is not the first time that President Trump has tried to talk down the dollar but as long as the US economy remains strong on a relative basis, the greenback is likely to outperform.

Author

Russell Shor, CFTe, MFTA

Russell Shor (MSTA, CFTe, MFTA) has an Honours Degree in Economics from the University of South Africa and holds the coveted Certified Financial Technician and Master of Financial Technical Analysis qualifications from the Interna

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