Snippet from JPM on the US dollar:
expects the index, DXY, to fall by 5.7% in the next 12 monthsciting US economic growth looking set to moderate, data showing signs of softeningprojects US growth to slow by more than other developed-market economiesalso to grow more slowly than most emerging-market economiessees growth-supportive fiscal policy outside of the US weighing on the dollarEarlier post on Nomura also eyeing slower growth:
Also earlier, another reason to sell the dollar, at least as a knee jerk:
Wall Street Journal: Trump considers naming next Fed chair early - bid to undermine PowellUSD falling away a little on the Trump " bid to undermine Fed Chair Powell" WSJ report This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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