Donald Trump is now Republican Party’s presumptive nominee for the presidential race, while Hillary Clinton is still fighting Bernie Sanders. Hillary is very much likely to be Democratic Party’s presidential nominee and has better odds winning the Presidency. Betting market is predicting with 61% odds that Hilary Clinton will be the next President.
At the same time we should also remember, Mr. Donald Trump, so far has dumbfounded many and proved many political pundits wrong.
However, it really difficult to say, how the markets would respond over their Presidency, both in the short run and the long.
While Clinton has hardly uttered anything on Dollar and more likely to maintain broadly current status quo, Donald Trump said, He loves the concept of strong Dollar but it sounds better to have strong Dollar than in actual reality. Sounds like he may prefer weaker Dollar, however at the same time he said, he is not a fan of lower interest rates. This view however, not exactly Dollar negative.
So, probably it is Donald Trump’s foreign policy that would define Dollar. His hard stance or soft towards Chinese exchange rates or Japan’s could define his currency legacy, since he wants to create more American jobs in the manufacturing, bringing them back from China, Japan, Mexico.