This via Bloomberg overnight on a piece from JPM on the USD
The gist is President Trump could intervene to weaken the US dollar
- "While not our base case scenario, we cannot rule out a turn toward a more interventionist currency policy, particularly since the current administration has, at times, hinted at a preference for dollar weakness or objected to perceived Chinese currency manipulation,"
At this point I am gonna point you all to this old post:
What if Trump looks at the climbing USD and tweets he wants a managed exchange rate?
- what If President Trump looks at the falling yuan, the rising USD, and thinks "Wait a minute, the Chinese manage their exchange rate, why can't I?"
So, yeah, its a scenario.More on the JPM piece here at Bloomberg.
And let me repeat (I say this a lot, so its broken record time):
- Do not underestimate Trump
On this, or anything.
