Wall Street sees dollar rally widen as Trump enters the White House

Speculative traders, including hedge funds and asset managers, are the most bullish on the greenback since 2019. — Reuters

NEW YORK: Wall Street is forecasting even more gains in the US dollar as a resilient US economy and dwindling expectations for interest-rate cuts coincide with incoming President Donald Trump’s vows for harsh tariffs.

Goldman Sachs Group Inc, TD Securities and Deutsche Bank are among the big banks whose currency strategists expect the greenback to strengthen even more this year.