Reported 2 days ago
Wells Fargo's currency strategists foresee the US dollar benefiting from President Trump's trade war, despite its current decline due to market uncertainties. They project a potential rise of 1.5% to 11%, based on the level of tariffs imposed and global responses. The expectation is that increased tariffs will suppress foreign demand and currencies, while inflation pressures may lead to sustained higher interest rates from the Federal Reserve.
Source: YAHOO