Nov 7 (Reuters) - The dollar is not Donald Trump's friend and his plans to boost the U.S. economy may result in a drop, and not the further rise currently anticipated by traders.

During his last term in office Donald Trump talked the dollar down while trying to tackle the advantage other nations gain for their exports thanks to the weakness of their currencies.

So strong was his opposition that the strong dollar policy was called into question, and the greenback dropped.

Since his last presidency the dollar has risen much further with USD/CNY pushing toward record highs around 7.40 from around 6.50 when his term ended.

EUR/USD was around 1.2350 and the dollar index was around 90.

The trade-weighted value of the dollar has gained almost 14 percent in value.

If the President was not happy before, he will surely be far less happy now.

Should worries about a trade war continue to fuel demand for the global reserve currency, he may be raging about a situation that has resulted from his own ambitions, and the strong dollar policy might be questioned once again.

To undermine the world's reserve currency when investors have sought safety in it could have dramatic consequences.

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(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

((jeremy.boulton@thomsonreuters.com))