Why the dollar could keep rising this year even if the Fed doesn't hike — further vexing Trump

  • The dollar index, which tracks the greenback's performance against a basket of six currencies, is up more than 1 percent in 2019.

 

  • The dollar's rise defies the consensus from earlier in the year that the U.S. currency would go down as the Federal Reserve signaled fewer rate hikes moving forward.

 

  • President Donald Trump said on March 2nd  he was not pleased with the dollar's run-up this year, stating: "I want a dollar that's great for our country but not a dollar that's prohibitive for us to be doing business with other countries."

 

(Source: CNBC)