Market speculation suggests the Trump administration intends to weaken the dollar.

Societe Generale analyst Kit Juckes noted in a report that recent remarks by U.S. Treasury Secretary Bessen reinforce market speculation that the Trump administration intends to push for a weaker dollar. On Monday, Bessen said in an interview with CNBC that a weaker dollar is not a cause for concern. He called currency exchange rate fluctuations normal and noted that the dollar's decline was mainly due to the euro's appreciation. He said, "Given the fiscal stimulus in Europe, the euro's rise is to be expected." Juckes believes these remarks reflect a view within the U.S. government that a weaker dollar would help reduce the trade deficit. He also predicts that the euro could rise to 1.20 later this year and reach a high of 1.25 in the future. (Golden Ten) [Odaily Planet Daily]