USD, is gaining strength due to an interest rate in December.It is obvious that Yellen and friends will do that.However, Trump announced that he does not like the policy of Yellen.I believe there will be a different person to sit on the chair of Yellen by 2017.
The interest rates may not continue to increase is USA if Trump wants people to invest in industry rather then financial instruments.
USA debts? They print USD
I love the idea USA has no real debt as it can just print more, there is a cost even while printing more dollars every day to meet deficits and previous debt. All holders of dollars will lose in devalued dollars if USA just prints for its debt. That helps USA government as many holders are outside the country, its a form of tax on the worldThe interest rates may not continue to increase is USA if Trump wants people to invest in industry rather then financial instruments.
USA debts? They print USD
It is not quite like that. The US debt held by foreign investors is largely in the form of US Treasuries and amounts to something like $6 trillion. The Treasuries are basically the same dollars (I mean they are just as liquid), but with that they are somewhat protected from the tax you describe in your post (inflation tax) since they are government bonds issued by the US which bear interest payable to the bearers (through discounts or coupon payments, depending on the type of the Treasuries)...
So if the US decides to print more dollars, they will just have to pay more interest on their debt instruments