Dollar Index: Rate Hike and Campaign Rhetoric

dollar index: This is in sharp contrast with the performance of the Chinese stock markets and the yuan, according to Global Times China. Given Trump's campaign rhetoric, he is likely to push for more rate hikes as well as trade protectionism and tax cuts after assuming office. Following a US Fed rate hike in mid-December, the Dow hit a record closing high of 19,975 and the US dollar index has hovered around the 103 level since, its highest reading since 2002. He will probably also seek to bring jobs back home and attract foreign investment and finance new infrastructure construction. First, a stronger dollar will be a crisis for many countries. Trump's economic plans are certain to have a huge impact on the Chinese and global economy. (news.financializer.com). As reported in the news.