After regaining its footing while bumping around at a 14-month low on Monday, the broad dollar is sliding hard despite rising Treasury yields as the pound and the euro soar.
In fact, the dollar is now lower versus all of its G-10 peers except for the yen, which is trading as usual off Treasury yields.
Here’s the euro, now pushing to 2015 highs:
And here’s sterling:
It looks like this may have at least something to do with still more tweets from Trump, who was out with this a few minutes ago:
Working on major Trade Deal with the United Kingdom. Could be very big & exciting. JOBS! The E.U. is very protectionist with the U.S. STOP!
— Donald J. Trump (@realDonaldTrump) July 25, 2017
You’d think the children would have learned by now not to react to this blowhard!! Like wildebeests.