Each day that passes since the newly appointed President was sworn in another conflict seems to break out. The list of nations that Trump has rattled feathers with grows longer and longer. Even before his inauguration, Trump’s outlandish comments were witnessed throughout the campaign trail, notably Mexico and the wall, but there were many others that spring to mind.
Now, it seems that Mexico is the least of the President’s problems. Following the controversial move to ban several nations from entering the US, feathers were rattled from London to Melbourne as protests swooped the globe.
Yesterday, Trump took to twitter to “formally” put Iran on “notice” for testing ballistic missiles, a move that was quickly brushed to one side by Iranian officials.
Today, a difficult call with Australian Prime Minister Malcolm Turnball turned ugly when the President yelled and hung up on the PM and then took to social media to label it the “worst call ever”.
And now, Trump’s cabinet faces criticism over an approved bombing in Yemen that killed an unnecessary level of civilians under Trump’s command.
There are many reasons to believe that Trump is inexperienced, rash and quite possibly the biggest risk to the Global economy on the planet, with further dramas almost certain in the weeks and months ahead, I’d be surprised to see the FED even consider the potentiality of an interest rate hike.
US Dollar weakness ahead?
So far, the US Dollar remains untouched by the President’s actions, but it could only be a matter of time before cracks begin to show. If Trump continues to dictate the rules to the rest of the world trade wars may become the norm. When the markets realise the FED continue to put rate hikes on hold due to the uncertainty that Trump brings, the US Dollar may find itself in a weaker position.