While the US dollar has continued to display a marked pullback since the beginning of the new year, fundamentals remain supportive of the dollar going forward in view of the outlook for US interest rates. This is especially the case since US President Trump has embarked on an ambitious course of action to fulfill promises he made as a presidential candidate, and his fiscal spending plan is widely expected to boost inflation and trigger higher interest rates. The US Federal Reserve, which next meets a week from now, is not expected to hike rates in February but should be under increasing pressure to do so as Trump’s ... (full story)