It's been a week since President-Elect Donald Trump shocked the world when he beat Hillary Clinton in a contentious election cycle to become the 45th president of the United States. Since his victory market analysts and experts have been giving their take on what a Trump presidency means for the U.S. economy as well as for the rest of the world.
BMO Capital Markets' global head of FX Greg Anderson appeared on "Bloomberg Markets: Americas" Monday afternoon to discuss Trump, his plans., and any impact they'll have. BloombergTV's Vonnie Quinn began by questioning Anderson about the rise in the dollar versus its peers, and pointed to a similar picture in emerging markets. She asked if this will be the story continuing into the future.
"I think the really big thing (helping the dollar) is corporate tax reform," Anderson said. "Corporate tax in the U.S. hasn't been reformed in 30 years and almost anything you do would make the U.S. more competitive, and more competitive means a higher dollar."
BloombergTV's David Gura later joined the conversation, questioning Anderson on how safe a bet it is for investors to expect Donald Trump's infrastructure plan to go through.
"I would say on infrastructure I don't know that that's a really safe bet," Anderson responded. "Certainly somethings will be done, you have to live up to at least a portion of the promise. I think the bigger priority frankly is tax reform and I think that's a safer bet that some things will be done."