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Reflections of a Trump Presidency

Gwyneth Yeo
Gwyneth Yeo11/16/2016 11:46 AM GMT+08  • 4 min read
Reflections of a Trump Presidency
SINGAPORE (Nov 16): After the dust has settled from a contentious presidential election, and Donald Trump has become the President-elect, Maybank Kim Eng’s analysts Sadiq Currimbhoy and Willie Chan give their take on what the new presidency means for th
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SINGAPORE (Nov 16): After the dust has settled from a contentious presidential election, and Donald Trump has become the President-elect, Maybank Kim Eng’s analysts Sadiq Currimbhoy and Willie Chan give their take on what the new presidency means for the economy at large.

For starters, Currimbhoy and Chan are now “negative” on the US dollar, as the US Bureau of Economic Analysis showed that the US had a net international investment position of negative US$8 trillion, up from negative US$2 trillion in 2008.

The increase in its net international investment position has reduced the USD’s credit worthiness and the pair now believe “the usual safe-haven USD may not be so safe after all”. The bond market is also likely to be affected.

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