Barclays Analysis: US Dollar Forecast Upon Trump's Potential Re-election
Thursday, 14 March 2024, 20:54
Barclays Predicts Potential 3% Rally for US Dollar if Trump Wins 2024 Election
Barclays analysts tip an up to 3% gain for the US dollar if Trump wins the 2024 Presidential election. Trump's protectionist policies (such as tariffs), fiscal stimulus, and a weaker commitment to NATO should add to the greenback's strength.
Key Points:
- Structural Break: Trump's proposals could result in significant changes in FX markets.
- Varied Effects: Dollar gains expected to be larger in trade surplus economies like China.
- NATO Influence: Weaker commitment to NATO is seen as a positive for the dollar.
This article was written by Eamonn Sheridan.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.