Heady Time for Dollar as Questions Swirl on Strength, Volatility
- U.S. currency has been supported by relatively high yields
- Trump repeats his dislike of an overly strong greenback
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U.S. President Donald Trump’s ire at the dollar’s resilience is setting him at odds with those traders who have been turning its strength and stability into a source of revenue.
The greenback’s relatively high yield and muted volatility have made it a destination of choice for investors seeking to benefit from the so-called carry trade. But recently they’ve been starting to question how long the favorable conditions will last, and fresh comments on Saturday from Trump warning that the currency is too strong may inject an extra measure of uncertainty.