The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S. (Photographer: Andrew Harrer/Bloomberg)
The U.S. dollar is likely to edge higher, according to Richard Gibbs, principal at Plantagenet Investments. If history is any guide, political issues like the imposition of import tariffs turn out to be undermining factor for the value of exchange rate, Gibbs said.