Economics

Dollar to Defy Angry Trump on Allure of U.S. Yields, Funds Say

Trump will fail in pushing down the dollar: Grant Samuel Funds
QIC says weakness in other developed nations will boost dollar

Trump said the dollar is too strong and took a swipe at Powell as someone who “likes raising interest rates."(Source: Bloomberg)

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Ruth Carson

March 3, 2019 at 7:43 PM UTC

Updated on

March 4, 2019 at 11:07 AM UTC

This article is for subscribers only.

President Donald Trump may have to work a lot harder if he wants to talk down the dollar.

The U.S. currency is poised to remain strong this year despite Trump’s complaints about its recent gains as Treasuries remain the best option for yield-hungry investors and growth elsewhere is lackluster, according to money managers including Grant Samuel Funds Management Pty and QIC Ltd.