Will the dollar really continue?
With only a week left until the US presidential election, the markets are moving fast. The US dollar has hit its strongest level since August, gaining nearly 4% since late September. Strong economic data and investor bets on Trump’s win are fueling this rally, leading traders to consider what lies ahead.
Key factors driving the dollar’s momentum:
💵 Trump trade expectations: Investors are anticipating Trump’s victory, with policies that could boost inflation and limit rate cuts, like tariffs on imports and tax adjustments.
📈 Economic strength: Strong jobs data and solid economic performance are drawing investor interest, boosting demand for the dollar.
Some traders remain cautious, but the potential for a continued dollar rally is on everyone’s radar. Do you believe Trump’s win could keep the momentum going?