Donald Trump Unlocks FX Volatility, Jawbones US Dollar in WSJ Report
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Donald Trump Unlocks FX Volatility, Jawbones US Dollar in WSJ Report
Foreign exchange markets volatility has been unlocked after President Donald Trump expressed his worries about a strong US dollar. In an interview with the Wall Street Journal, the President of the United States has mentioned that the currency “is getting too strong”.
The news sparked a selloff across the board, triggering multiple rounds of stops across major currency pairs. The US dollar was on the back foot against all major currencies and against precious metals.
Not only did President Trump jawbone the US dollar, he also expressed that he prefers low interest rates and the Federal Reserve’s ... (read more)
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