Historically speaking, the US dollar goes to hell under Republican administrations. Does anyone actually expect it to be any different this time?
May take a while since Janet Yellen’s term has year or so to go and apparently the Federal Reserve is now determined to hike interest rates. But eventually, the businessmen now running government (who of course are totally unaware that the government is not a business) will want to debase the currency.
There is the belief that a weaker dollar enables American companies to more easily compete against competitors around the world. Maybe so. But every time I look up while the dollar is down, it is the competitors buying US companies instead of buying their products.
Oh, well, this Bud’s for you.
(right click on the chart for a larger view)