Markets have already picked up on the likelihood of a stronger US currency under Trump's presidency. The US Dollar Index, which weighs the greenback against a basket of currencies, has climbed around 3% over the last month and briefly surpassed 107 on Thursday, its highest level in a year.

The US dollar is the world’s dominant currency and plays a key role in global trade. Policy and economic decisions in Washington frequently reverberate widely. A strong dollar is a good news for the US but might spell trouble for the rest of the world.

The U.S. dollar strengthened against major peers on Thursday, trading at a one-year high and headed for a fifth straight session of gains, propelled by market expectations since Donald Trump clinched a dramatic return to the White House.