The Trader 

Dollar’s cliff edge

The Trader

When Donald Trump, unexpectedly for many, won the US Presidential election promising to ‘make America great again’, even his detractors agreed that his policies would see the US dollar strengthen. It promptly did – not by a huge amount, but the dollar index gained 5 per cent to trade at its strongest level since December 2002. This proved to be a blip and by April it was back in its box, a relatively tight trading band that had been in force since 2015. From peak it has now lost 12 per cent of face value and is clinging to key long-term chart support.

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