Disappointment with Trump continues to harm dollar

europe-growth — Euro gains: "We are not in a scenario where we expect it to stay the ECB’s hand” – Jeremy Stretch

- By Alessandro Aimone
- @aimoneale
- 25 Sep 2017

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

CLICK HERE TO DOWNLOAD THE PDF

Pessimism over the Trump administration’s ability to deliver its promised fiscal stimulus measures will continue to weigh on the US dollar, according to Jeremy Stretch, head of G10 FX strategy at CIBC.

“We entered 2017 with an almost irrational US dollar enthusiasm via the anticipated Trump reflation trade. That optimism reversed to detail excessive pessimism as regards the possibility of the Trump administration being able to garner any fiscal boost,” he says.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com