Financial markets are responding positively to Trump’s presidency. However, investors remain wary about the impact of U.S trade policies on the dollar and what Washington’s approach to dollar policy will be.
The global equities rally continues to gather speed as investors embrace riskier assets after the Dow Jones Industrial Average reached 20,000 for the first time yesterday. Japan’s Nikkei Stock Average closed up +1.8%. The rally pushed the price above a downtrend line from December highs and could open the doors to more gains and signal the potential end of the bearish correction. Since the beginning of the year, the pair has been moving in a downtrend zone, that is being broken.