Following Donald Trump's re-election as US President, the American currency rose to its highest level in a year.
Why this happened and how long this trend will last, was explained by Lazar Badalov, associate professor of the economics department at the Peoples’ Friendship University of Russia.
The expert's opinion is reported by the Prime agency.
What will happen to the dollar under Trump
According to the economist's forecasts, the American currency will strengthen under Trump.
As Badalov explained, the observed enthusiasm of the markets is connected with the fact that Trump’s election program puts economics, rather than politics, at the forefront.
Of course, the American one, but the world one feels better because of it, the expert noted.
According to Badalov, there is hope that trade and sanctions wars will be a thing of the past, and investors are taking advantage of this.
The dollar behaves in a similar way. It follows the mood of investors, so we see growth, the economist explained.
In his opinion, under Trump, US economic policy will undergo significant adjustments.
Which will have a positive effect on the dollar exchange rate, Badalov summed up.
