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Dollar Strength Is Hiding In Plain Sight, And One Strategist Says It’s Here To Stay
Overnight, the yen rose against all its G10 peers because Donald Trump has lost his mind completely and is now firing everyone in sight.
On Thursday evening, the Washington Post reported that a "very stable genius" called "Dennison" is now planning on ridding himself of national security adviser H.R. McMaster who, according to some accounts, once called Trump an “idiot” with “the intelligence of a kindergartner” at a dinner with Oracle CEO Safra Catz.
This kind of thing usually gets
More likely a long overdue, potentially months-long counter-trend rally before the next shoe drops again later.
By the way, it’s not just yen beating the dollar. It’s many of the east Asian currencies continuing to do so.
Symptomatic of global growth and/or the gradual shift of balance in economic power from west to east.
Which is to be expected and a good thing for the world, not bad, as that’s where the most people live.
^ watch what the dollar & US economy does if they try to impeach trump (check the history of the 1970’s)