Dan Mitchell, Senior Portfolio Manager, RBC Global Asset Management Inc., discusses the strengthening of the U.S. dollar following the U.S. elections, unfavourable news from Europe and China, as well as expected inflationary policies from the new Trump administration. The recent developments have prompted a reassessment of the U.S. dollar's trajectory, postponing the anticipated decline. Despite the current trend, long-term forecasts indicate a potential weakening of the dollar, attributed to trade and fiscal deficits, along with a global shift towards diversifying away from the dollar.