These Stocks Could Be Winners if Trump Devalues the U.S. Dollar, According to Jefferies

These stocks could be winners if Trump devalues the U.S. dollar, according to Jefferies

Companies with large overseas sales, particularly China, could benefit if the White House engineers a deliberate dollar devaluation, according to Jefferies.

USD: Data and Trump help the dollar – ING

Yesterday, we noted that the dollar needed some positive data surprises to regain firmer footing, and May’s consumer confidence figures delivered.

Progress in trade negotiations led to greater market optimism.

Dollar Climbs and Gold Retreats on Trade Optimism

The dollar index (DXY00 ) Tuesday rose by +0.59%. The dollar moved higher Tuesday after President Trump over the weekend extended the deadline for a 50% tariff on US importers of EU goods by about 5 weeks to July 9 from June 1. The dollar also garnered support from hawkish...

The decline in the price of the yellow metal was also due to the development of the US dollar exchange rate.