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

Wallstreetcn
2024.07.04 02:21

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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