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The dominance of the US dollar may fade as global money flows will be shown and market dynamics develop. Carly Garner, the top strategy and mediator in Dicarley Trade and shareholder in Thestreet ProJoin Thestreet To discuss her view of the dollar.
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Full video text below:
Carly Garner: My view of the US dollar is relatively dull. We had a nice gathering after Trump’s election in November, again part of Trump’s trade. The idea was that we would have a stronger dollar due to definitions, inflation and those types of things. But what really ended was a lot of hot money from all over the world came to the American stock market. There was an idea that the exception is from us. I will not claim that in one way or another, but this is the reality. Money flowed to the United States, went to the stocks, and in the meantime, the US dollar pumped. Now we see this type of rewind itself. And I think it will continue. If you look at the Trump administration 1.0, we have seen that the dollar begins high and worked constantly on its way during the four years. I think at the time, we were about 103. We ended up around 88 near the end of his term. So I don’t necessarily expect to see the 80 handle, but I think we can see the nineties low in dollars, so I expect to weaken.
I think the dominance of the US dollar is at risk, not necessarily for political reasons, but simply for the reasons and external. For example, the money in which the hot money that entered a dollar and the stock market in the United States after President Trump is now elected. This will be a process that should work through the system. I don’t think it was done yet. I expect to head the dollar a little less.
