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Trump Deflates USD Ahead of Inflation Data
Donald Trump added another unusual action to his growing list of Presidential duties. It is usually the job of the Treasury Secretary to lament the strength of the dollar and point to China for their hand in manipulating their currency. This time the president-elect could not wait for after his inauguration and gave an interview to the Wall Street Journal where he said the American currency was “too strong”. The USD has lost close to 1 percent versus majors since the interview was published. U.S. consumer prices will be released on Wednesday, January 18 at 8:30 am EST with a forecast of 0.3 percent rise ... (full story)
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