A sign America will be great again? Dollar climbs to strongest standing since 2003

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.

EXCLUSIVE: FBI New York field office ordered to ‘go forward’ on Clinton Foundation probe

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.

Only weeks ago Trump announced that he had reached a deal with air conditioner manufacturer Carrier to keep up to 1,000 jobs in the U.S., jobs the company had intended to move to Mexico.

With the election over, Hillary staffers rage at Huma: ‘I really don’t give a s**t what happens to her’

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.

DONATE TO BIZPAC REVIEW

Please help us! If you are fed up with letting radical big tech execs, phony fact-checkers, tyrannical liberals and a lying mainstream media have unprecedented power over your news please consider making a donation to BPR to help us fight them. Now is the time. Truth has never been more critical!

Success! Thank you for donating. Please share BPR content to help combat the lies.

Comment

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.

PLEASE JOIN OUR NEW COMMENT SYSTEM! We love hearing from our readers and invite you to join us for feedback and great conversation. If you've commented with us before, we'll need you to re-input your email address for this. The public will not see it and we do not share it.

Latest Articles