You can differently treat the trade policy of Donald Trump, but the facts so far are on his side. Perhaps in the long run such aggressive economic behavior will add a negative to the official data, but now statistics look more than great. The American economy is experiencing almost explosive growth, and this pleases the US President.
Trump described the current state of the country's economy as excellent and separately highlighted funds flowing to the United States. "Our Economy is doing better than ever. Money is pouring into our cherished dollar like rarely before, companies’ earnings are higher than ever, inflation is low and business optimism is higher than it has ever been," Trump wrote on Twitter.
You cannot argue with statistics. While some countries are intensifying hostile rhetoric toward the US, predicting an early economic collapse for the US, data on capital infusion into the US economy indicate a high level of confidence among investors, which in turn raises the value of the dollar. The US currency has risen in price since the beginning of August compared to the rest of the world's currencies.
The growth of the dollar was noticeable in Russia. The ruble reached new 2-year lows amid tightening of sanctions and the collapse of the Turkish lira due to the introduction of US restrictive tariffs against Turkey.
The crisis in relations with Ankara provoked a large-scale outflow of capital from emerging markets, which additionally affected Russia.
