Ulrich Leuchtmann, head of foreign exchange and commodities research at Commerzbank, said in a report that the dollar's strength since the U.S. presidential election suggests that investors believe President-elect Donald Trump's policies will further benefit the dollar. Leuchtmann said the dollar has appreciated by about 2% on average against other G10 currencies since the election. "The market appears to believe that 'Trumpomics' (the policies of the incoming Trump administration) will have a significant positive impact on the value of the dollar." Late last week, the U.S. Dollar Index hit a two-year high above 108 point, and has since fallen back, currently down about 0.2% to 105.888.
