Mike Dolan * had been taming the dollar's fantastical rise, by about 50% over fifteen years, a cornerstone of Trump's economic agenda. Now, with early successes fading, this path appears to have lost its momentum. The fears that prevailed at the start of last year about foreign capital fleeing U.S. markets amid turmoil have given way to market expectations. Markets lean towards the view that last year's 7% decline was the end of this trend. The reasons, in essence, are not complicated. As the U.S. president heads to the World Economic Forum in Davos, coinciding with the second anniversary of his inauguration, it's clear that the general mood towards the 'greenback' has changed, even among some of its most pessimistic critics last year.
