Up next: A daunting communications challenge.
Predictably, it went awry almost immediately.
MNUCHIN SAYS WEAKER DOLLAR IS GOOD FOR TRADE
This should be interesting.
And that’s the week.
It was not to be…
There’s good news and bad news. Which do you want first?
The dollar is in a dive.
All eyes on (geo)politics. And Canada. Of course.
Long euro may be a crowded trade, but by God it’s worked out pretty well over the past couple of days.
“Not like everybody says.”
“… the EUR as a reserve currency appears to be an increasingly attractive long-term proposition.”
Well, if you needed another reason to believe that the Treasury selloff which gathered pace on Tuesday was set to continue, you got one this morning.