Currencies
Wells Fargo Sees Dollar Rallying as Trump Trade War Plays Out
The biggest gains, according to Wells Fargo, would come if other governments don’t retaliate, with smaller gains depending on the degree of the response.
Photographer: David Ryder/BloombergWells Fargo & Co.’s currency strategists say the US dollar stands to be one of the market winners from President Donald Trump’s trade war.
Concerns about the fallout from his plan to keep raising tariffs has unsettled financial markets worldwide — dragging the dollar down along with stocks so far this year amid worries it could rekindle inflation and stall the US economy.