Past experiences indicate that Trump's victory in the U.S. election can only be a short-term boost for the U.S. dollar

The current market's expectations of Trump winning the November US election have boosted the US dollar, but history shows that any positive impact of his victory may be relatively short-lived. Two months after Trump won the US election in 2016, the Bloomberg Dollar Index rose slightly, but then fell by 11% from January 2017 to December 2020. This indicates that other factors such as Federal Reserve policy are more important for the US dollar. (Bloomberg)

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