- The US dollar has risen about 4% over the past three months.
- Volatility is on the rise as Trump breaks with diplomatic norms.
- One analyst called the dollar "collateral damage" to Trump's foreign policy approach.
The US dollar has rallied about 4% in recent months, and investor sentiment for the currency is the strongest in years. But some analysts say that's all about to change as President Donald Trump ratchets up tensions between the US and its closest allies.
Mark McCormick, head of North American FX strategy at TD Securities, said in a research note out Monday the rally looks likely to roll over amid the return of the "Trump discount."
See the rest of the story at Business Insider
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See Also:
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- The Mexican peso is getting rocked as Trump mulls separate trade talks with Mexico and Canada
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