Your Currency Outlook For 2017
The US dollar has been the ‘go to’ currency for strength throughout 2016. Despite the shock of Donald Trump’s presidential election victory in November, the fundamentals suggest it’s likely to be the same story during 2017. This is down to the likely increase in interest rates at December 2016’s FOMC meeting. What’s more, Trump’s economic policies are seen to be inflationary by investors – meaning future interest rate hikes are a possibility to curb rising inflation. However, difficult trade negotiations around TTP and NAFTA could cause weakness in the US dollar.
