The likelihood of intervention from the US in the dollar has been swirling for a few months now.
This really in brief snippet from Citi indicates they see it as more likely:
- We now see FX intervention by Trump Administration to weaken USD as possible.
- It seems unlikely that the Administration would order intervention and then stop before taking the USD back to the averages, maybe around EUR/USD 1.20 and USD/JPY 100
I'd add that yes, its possible, anything is possible. But probable? I don't see it. Ask me again in a few months though.