Why the Dollar Will Surge Further in 2017

Why the Dollar Will Surge Further in 2017

The rise of the American dollar is a welcoming site in this day and age. It started the trend back in April of 2016 and current conditions of the economy as well as recent statistics indicate the direction will continue. President Elect Donald Trump is known for his fiscal policy ideas and campaign promises that will provide big tax cuts as well as big spending. These policy initiatives will help federal fund rates increase which they have ample room to do. They currently at an all time low between .25 to 0.5 percent. It is widely expected that the Fed will raise interest rates this month. When interest rates rise, foreign investment is expected to follow which will help the growth of the dollar even more. The dollar is expected to rise into 2017 and this upward progression could last for several years.

 

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