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Trumponomics, the Forex Market, and the Dollar: Short-Term Fed Speculation, Long-Term Vulnerability
President Trump has been inaugurated as US President amid the promise to make America great again and to restore jobs. The inauguration speech was generally combative and populist in nature as Trump pushed for his America First Agenda and made little attempt to build bridges with Congress. As far as the overall economy is concerned, developments surrounding fiscal policy will be a key short-term focus. Trump has pledged to push for tax cuts to boost the growth outlook and there is also likely to be significant tax reform, although there is also an important risk of congressional delays and potential deadlock, ... (full story)