Dollar’s Election-Fueled Surge Worsens Trump’s Currency Problem
- Incoming president has decried effect of a strong dollar
- Trump has also threatened punishment on moves away from dollar
Maintaining the dollar’s role appeared as one of 20 promises in a Republican Party platform released in July.
Photographer: Scott Eells/BloombergThis article is for subscribers only.
The sustainability of the dollar’s surge in the wake of Donald Trump’s election victory pivots on which of his campaign promises he pursues once back in the White House.
On one hand, he ran for another term decrying exchange-rate appreciation and worrying about its impact on American manufacturing. On the other, he’s vowed to maintain the greenback’s dominant global role and favors policies economists and strategists see as boosting its value.