FX.co ★ US dollar continues to grow despite political uncertainty

Neither large-scale world problems, nor the hopes of the Russian propagandists, nor even Donald Trump himself can depreciate the dollar. The American currency is always of high value, even amid the political uncertainty caused by the new US president.

It seems that when the political world does not know what to expect from Donald Trump, the dollar should suffer from tremendous pressure. However, the currency has proved to be quite stable. Moreover, experts forecast a further growth of the US dollar driven by the expectable Fed interest rate hike. According to analysts at Goldman Sachs Asset Management, the dollar is expected to jump by 10 percent against the euro and the yen. “The USA is still in very good shape,” the head of one of Goldman Sachs units, Phillip Moffitt said. “Our strategy is to have smaller positions based on our long-term view and try to hold on to them and then add when we think we get an opportunity.”

The "confrontation" between the dollar and Donald Trump continues, so investors monitor its impacts closely. The US currency began to grow rapidly immediately after the Trump's victory. The president's further actions, however, caused a serious fall of the dollar. In total, the dollar lost 5.1 percent against the yen and 5.9 percent against the euro during this year.