There are a number of factors supporting the dollar's strength, including the trade war, which is dragging down global growth.
The dollar rose to its highest level of 2019 on Monday. The gains came amid further complaints from Trump that the greenback is too strong — something he says works counter to the US's trade-war interests. Trump once again called for the Federal Reserve to lower interest rates, which he believes will likely be dollar-negative. An expert at Monex Europe explains why there are simply too many forces pushing to dollar higher for a weak currency to be attainable in the near term.
The dollar rose to its highest level of 2019 on Monday. The gains came amid further complaints from Trump that the greenback is too strong — something he says works counter to the US's trade-war interests. Trump once again called for the Federal Reserve to lower interest rates, which he believes will likely be dollar-negative. An expert at Monex Europe explains why there are simply too many forces pushing to dollar higher for a weak currency to be attainable in the near term.
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