Trump's presidential win emboldens dollar bulls as they brace for tariffs

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Trump's presidential win emboldens dollar bulls as they brace for tariffs - Business Standard

Quick Summary:

In 2016, the dollar rose about 6% against a basket of currencies in the first two months after Trump's election victory but gave up those gains in subsequent months.

The dollar went on to rally about 13% between February 2018 and February 2020 when Trump implemented tariffs against several countries, including China and Mexico.

How much further the dollar climbs could hinge on whether investors believe Trump will enact the tax cuts and tariffs that are key elements of his economic platform.