The dollar is down but not out

by Dramelin 8:30 PM 0 comments

But analysts don`t expect the dollar weakness to last. "Hui said he expected the dollar was consolidating after running too far, too fast in the fourth quarter of the year. Those comments put the kibosh on the strong dollar trade. "If you think about protectionism, if you think about immigration policy, if you think about his pro-growth fiscal policy, all of these are supposed to raise inflation and therefore raise interest rates and supposedly raise the dollar. "President Trump can tweet all he wants but many of his policies are fundamentally supportive of the U.S. dollar," Tai Hui, chief Asia market strategist at JPMorgan Asset Management, told CNBC`s "Squawk Box" on Monday.