It is not Twitter but the Fed and US tax reform/stimulus that will ultimately determine the direction of the dollar this year.
That’s what Credit Suisse said earlier this week about the prospects for the dollar going forward.
Here’s what I said in response:
I beg to differ. And so does this chart…
And that’s just Tuesday. If we went back through January and annotated a dollar chart with all of the administration’s comments (tweets or otherwise), we’d see an even more convincing correlation.
Well guess what? Goldman has done just that, and you’ll never guess what they found…
(Goldman)
Look at the gap between rate differentials and the dollar and how that discrepancy has been engineered by the Trump administration!
These are your markets on Trump.
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