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Trump's unconventional Fed criticism drives US Dollar profit-taking

From hantecfx.com

Donald Trump is never far away from the minds of traders. The dollar has been consistently strengthening throughout this week, but the dollar bulls have been stopped in their tracks by an unanticipated interview with Donald Trump on CNBC. In this interview, Trump talked about the fact that the strength of the dollar was a problem and that he was unhappy with the tightening of the Federal Reserve. Making comments on the actions independent Federal Reserve are certainly unconventional but this unconventional President “doesn’t care”. The knee jerk reaction/speculation is the implication that Trump is trying to hold the ... (full story)

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  • Category: Technical Analysis