DislikedOne of the geopolitical market movers that has drawn attention this week is the seeming imminent pick of a FED chair by President Trump. What do you think the implications of Trumps' pick will be? I think if Trump picks Powell, Taylor, Warsh, or Cohn, this is going to have short-term positive impact on the USD. I think that the market will read this as a positive sign that Trump is going to role back the Obama regulations on banks. If he picks Taylor that might be the biggest market mover because Taylor favors more aggressive rate hikes. If he picks...Ignored
Great to have you here with us @ The Cheetah.
A political event such as this which directly affects monetary policy... I suspect the impact on the dollar will be much more sustained.
On the NZD front.. don't know if you've read it, but this article is a good read: http://www.marketwatch.com/story/her...der-2017-10-19
It is interesting to read the analysis on how the result of this NZ election could have a direct bearing on monetary policy and the exchange rate going forward.
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