Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today for as little as $7/month
Already have an account? log in
‘Beggar Thy Neighbor’ Here We Come?
On Friday, the Trump administration sent conflicting signals to the market when it comes to the likelihood of unilateral FX intervention to weaken the dollar.
Speculation that Trump will instruct Steve Mnuchin to wade into the market is running at a fever pitch and it turns out the president in fact discussed it during a meeting at the White House last Tuesday. According to reports, Peter Navarro argued in favor of intervention, while Mnuchin and Larry Kudlow pushed back.
Once news of the pow
