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  • Trump’s Victory: What’s Next for Currencies?

    From pimco.com

    Much of the world has been waging a cold currency war since the autumn of 2016, and so far the winner is Donald Trump. The dollar rally that followed the U.S. election is over, and this past week the U.S. Dollar Index (DXY, which tracks the dollar’s value versus a weighted basket of major currencies) sank to its lowest level in more than a year. While the U.S. administration and the Republican majority in Congress are yet to deliver on most of their policy goals, they have succeeded in making the dollar more competitive. How? By putting an end to the decades-long official mantra that “a strong dollar is in our ... (full story)

You'll never see this in the MSM.
he is "making usa more competitive" by "lowering usd (dxy)".
US has been manipulating USD down for years, it isn't just Trump, Obama did it also. Take a look at EURUSD, during afternoon NY sessions when other major market is closed, it rarely goes down, even if it had strong down run during european session.
Each currency is manipulated. CHF and JPY are world champions, so the USD is no exception.
  • Post #5
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  • Edited at 4:00am Jul 27, 2017 3:47am | Edited at 4:00am
Quoting CoolJL
US has been manipulating USD down for years, it isn't just Trump, Obama did it also. Take a look at EURUSD, during afternoon NY sessions when other major market is closed, it rarely goes down, even if it had strong down run during european session.
100%. @wolfman But IMHO its.. not in MSM for good reason.. Treasury/Politicians dont admit "weak $" policy .it sounds bad.. and provokes retaliation.. and as @SoS says above all manipulate.(part of the job - as is denial..LoL))
But Trump policy is openly weak$ ..said so in Jan/Feb..."to create Jobs".. so that "politically" ok.

CJL.. yep.. but in European context (Euro/DM) its primarly been a policy of Republican administrations.
"Despite all of the major events on the world stage which have occurred since the end of the 1960s, which conventional wisdom would argue for a stronger or weaker US dollar the facts are as follows: REPUBLICAN presidential terms have seen an average DECLINE in the US dollar of 14.41% DEMOCRATIC presidential terms have seen an average RISE in the US dollar of 15.07%."* Obama ..(Democrat -January 2009 to January 2017)
resulted in % change in U.S. dollar against EZ of +24.72%
(this element in my overall US$-bearish sentiment since SoY.)
Just some ideas..

*Source:HFS
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  • Posted: Jul 26, 2017 2:24pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 5  /  Views: 3,360