The buck stops with Trump apparently.
After a 13% jump from mid-2016 lows, the U.S. dollar just broke support. And, at this pace could retest a December low of near 100 before long, as Trump calls the currency "too strong," blaming China, which is reportedly holding down its currency.
“Our companies can’t compete with them now because our currency is too strong,” he noted. “And it’s killing us.”
Private equity firm, Carlylye Group has noted the strength of the U.S. dollar is a great risk to the overall economy, as well.
That’s because dollar strength has the potential to hurt U.S. companies that sell products abroad by making their goods more expensive, as noted by The Wall Street Journal.
While one of the biggest gainers on weakness has been gold, bearish bets on the dollar should work out well, too, such as the Power Shares DB US Dollar Index Bearish (UDN) fund, a buy at market prices.