There are plenty of breathless headlines crossing about a 10.8% decline in the US dollar in “1H”.
Just for clarity that is NOT one hour as some folks seem to think. Sheesh, look at a chart!
Yes, the USD is awfully weak. Trump is debasing the dollar further with his threats against Fed independence, adding to the losses.
I posted yesterday, first thing,
And on Trump’s weekend dollar-debasement comments cutting the legs further from the dollar:
- “ … I don’t want to have to pay for 10 years debt at a higher rate.”
- “ … we’re to get somebody into the Fed who’s going to be able to lower the rate.”
This article was written by Eamonn Sheridan at www.forexlive.com.
#decline #USD #hour #fall #months #Forexlive
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