Market Insider

Dollar bulls have room to run on Trump win, euro could reach parity with dollar

Sefa Karacan | Anadolu Agency | Getty Images

Dollar bulls like what they see on the interest rate front — and so far, from a Trump administration.

The dollar index has rallied to a near 14-year high, and with the help of diverging central bank policies, the euro is edging towards parity with the dollar.

"The markets had really mispriced the whole Fed story. Obviously Trump is a game changer. We have much more aggressive fiscal policy. Inflation pressures building, wage pressure building. A lot of this stuff is snowballing all at once," said Win Thin, senior currency strategist at Brown Brothers Harriman.