Here Are At Least A Half-Dozen Ways A Currency War Could Go Wrong For The US
You can count Deutsche Bank among those who are skeptical about the case for active, outright FX intervention on the part of the Trump administration. And by that, we mean Deutsche doesn't sound convinced that it's advisable or that it would work.
The prospect of Steve Mnuchin wading into the market no longer seems far-fetched in light of the president's incessant references to currency "manipulation" on the part of Europe and China, who Trump insists are "playing games" with him.
To be sure,
In opposition to rational action, Trumpf is in charge.
Jane, you’re more versed in currency manipulation that Walter. Impressive.
I’m guessing the puppet master would likely ‘suggest’ that Trumpf should intervene.