What Future Awaits the Dollar After Trump's Victory in the US Elections

07.11.2024 22:21

Donald Trump's victory in the US elections will lead to a strengthening of the dollar.

This forecast was voiced by the Deputy Head of the Department for the Implementation of International Projects of the International Cooperation Department of the State University of Management (Moscow) Alexander Rudoy.

The expert's opinion is provided by Bankiros.ru.

How Will Trump's Victory Affect the Dollar?

According to Rudoy's forecasts, Trump's re-election will contribute to the strengthening of the American currency.

Trump will likely raise import tariffs and increase government spending, the expert said.

dollar
Photo: © Belnovosti

This could lead to a strengthening of the dollar, writes Bankiros.ru .

Also, Trump's re-election, according to analysts, will lead to an increase in the value of Bitcoin to six-digit figures.

Timur Khomichev Author: Timur Khomichev Internet resource editor