Bloomberg report on comments via TD on the US dollar

  • The higher the USD rises, the greater the chance Trump will try to weaken it
  • increasing the prospect of intervention
  • such an "ever-rising threat" is "likely to contain USD rallies"
  • Separately, recommend selling USD/JPY and USD/CHF rallies
  • despite the spike in risk-aversion looking overdone on internal modelling
trump intervention US dollar