Woe Is USD
Another day, another dollar decline but this time it was the confirmation of the inevitable: US Treasury Secretary Mnuchin said:"Obviously a weaker dollar is good for us as it relates to trade and opportunities.” Although Mnuchin addressed the benefits of a stable currency, traders and the media rushed to the remarks as a change in policy. Or is it a change. Mnuchin stated the same remarks in April of last year. Is it a surprise that US officials are talking trade war, steel protectioism and USD weakness in a midterm election year? Here is from my book on what happened in 2002--also a midterm year. A new USD trade has been posted to subscribers.
Where to now for GBP?
by Ashraf Laidi | May 20, 2019 12:19
Lame Duck May?
by Adam Button | May 17, 2019 11:56
بين الذهب والداو جونز
by Ashraf Laidi | May 17, 2019 11:28
Risk on as No War on Two Fronts
by Adam Button | May 16, 2019 12:55
Risk Can't Stay on, Bass Gives up
by Adam Button | May 15, 2019 13:09