Bull or bear dollar in the near future?
(Note: companies that could be impacted by the content of this article are listed at the base of the story (desktop version). This article uses third-party references to provide a bullish, bearish and balanced point of view; sources listed in the “Balanced” section)
Since the trade war erupted with between China and the U.S. early last year, the dollar has gained about 3 percent compared to other currencies. However, President Trump feels that it would be a benefit to the U.S. if the dollar were weaker so that exports would be more competitive. China devalued their yuan this week in response to the ongoing trade war and President Trump feels they did this to gain the advantage in trade. Now, the Trump administration and the IMF believes the dollar should be weaker, although there are some experts that feel differently.