US Dollar to Remain Strong, Financial Times Survey Finds

1. US Dollar to Remain Strong,
Financial Times Survey Finds
By: Rebecca Gaskin Gain

2. US Dollar to Remain Strong, Financial Times Survey
Finds
Rebecca Gaskin Gain is an international privatization expert with vast experience in the banking
and energy industries. A principal at Nexant, Inc. working in Abu Dhabi, UAE, Rebecca Gaskin
Gain keeps abreast of global financial trends like the strengthening US dollar.

3. US Dollar to Remain Strong, Financial Times Survey
Finds
The US dollar has been increasing in value relative to those of other major US trading partners
since the start of 2018. It is now at the highest it has been in over two decades. According to the
Financial Times, this trend is set to continue for two reasons: the Federal Reserve's control and
relative economic growth.

4. US Dollar to Remain Strong, Financial Times Survey
Finds
The Federal Reserve was raising interest rates while central banks around the world kept theirs
low or cut them. This shored up the dollar. In 2019, it made a U-turn and cut interest rates three
times by 25 basis points each. However, the dollar remained strong since, in other developed
countries, central banks were pursuing more aggressive stimulus packages, maintaining an
interest rate differential that kept the dollar solid in 2019 going into 2020.

5. US Dollar to Remain Strong, Financial Times Survey
Finds
Additionally, President Donald Trump’s 2017 tax cuts bolstered the US economy. At a time when
global growth is stalling, the US economy is ahead of its peers giving the dollar a big leg up.