A large part of the
Dollar's
strength (beyond «just» the data)
post - the election has been based upon this, where if the corporate tax rate were cut to say 20 %, the
Dollar would by economic theory have to then appreciate 20 % (and of course too, an additional «tax factor» driving the USD bull - thesis is that a meaningful chunk of $ 2.5 T of profits held overseas by US corporates would be repatriated following a «business friendly» incentive package / one - time cut to the repatriation tax to say 8 - 10 %).