But it’s not all good news for the USD. Some of the US government’s policies are being met with increasing caution and concern and investors are starting to get the jitters, specifically around trade talks with the US and China.
US presidents have rarely criticised the Federal Reserve in the past as its independence is important for economic stability. However, Trump loves to buck trends and has been vocal about the central bank’s monetary policy.
Sometimes he complains that they’re holding the country back, other times he says he’s confident that they know what they’re doing. His next reaction to a change in policy is anyone’s guess.
But one thing is clear: Trump and his views impact the value of the USD. So for forex traders, it’s worth keeping an eye on Trump’s Twitter feed in case what he says affects the value of your currency.