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J.P. Morgan: The implementation pace of Trump's policies will dominate the future trend of the US dollar.
FXStreet News 7th November, Brad Bechtel, global head of forex at Jefferies Group, said that with the push of Trump’s election as the US president, the dollar started off strong, but its future trend will largely depend on the pace of policy implementation. ‘As time goes on, I can see the potential for the dollar to continue pumping, but I don’t think it will reprice immediately,’ Bechtel said. In Trump’s first term, he was feeling his way in Washington, but with more experience, he can push tariffs and regulatory reforms more quickly. However, this is not guaranteed and largely depends on whether the Republicans can win the House. ‘From now on, we need to see if this will be a red wave: this will determine the broader speed of the market,’