President-Elect Donald Trump is already making America great again and he hasn’t even taken office yet. Not only have a slew of companies announced big new job increases, but now the U.S. dollar has climbed to its strongest standing since before Barack Obama took office.
This week it has climbed to its best showing against the Euro since 2003. The price of gold also fell 2.6 percent to a 10-month low as the dollar picked up, according to Bloomberg Markets.
“The greenback extended its advance against major and emerging-market peers after the Federal Reserve’s first interest-rate hike of 2016 came with a signal of three increases next year,” the financial reporters noted.
“The Fed’s move marks a step in what is expected to be a shift away from global central-bank policy dominating financial markets toward what a potential rise in fiscal stimulus,” Bloomberg wrote.
The stronger dollar also comes on the tail of the election of Donald Trump as president of the United States of America.
Indeed, after the Carrier deal was announced, a list of big corporations announced that they were re-investing in America and bringing up to nearly 100,000 new jobs to the U.S. economy. Such companies as SoftBank, U.S. Steel, IBM, and others have already announced that they intend to refocus on American jobs in this coming era of Trump.
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