1525 GMT – The dollar’s movements since Donald Trump’s U.S. presidential election victory in November appear remarkably similar to eight years ago when he won his first term as president, HSBC’s Paul Mackel says in a note. Its recent rally has paused but could soon resume as the Federal Reserve is likely to sound more cautious about cutting interest rates than other central banks. “The second driver of renewed dollar strength is likely to be associated with U.S. policy uncertainty, in particular potential tariff risks.”