According to Scott Bessent, Trump's economic advisor, a Trump administration is expected to maintain a strong dollar, aligning with decades of U.S. policy and market-driven outcomes.
Bessent mentioned that while Trump's early statements favored a weaker dollar for manufacturing, he does not anticipate any deliberate devaluation of the USD.
The potential Trump presidency might support a resilient dollar, which could limit gains in riskier dollar-denominated assets like cryptocurrencies, according to Bessent.
Bessent highlights that good economic policies will naturally lead to a strong dollar, suggesting confidence in Trump's overall economic agenda despite political rhetoric.
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