Former President Trump believes the U.S. dollar is now so strong that it’s interfering with American manufacturers’ attempts to sell goods abroad, but a Macquarie strategist said his policies will boost the currency further.
Rising interest rates and a relatively resilient U.S. economy have helped lift the dollar in recent years. The ICE U.S. dollar index, a leading benchmark for the value of the greenback internationally, has soared nearly 13% since July 2021.
