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Posted by
Two Blokes Jun 26 -
Filed in
Forex
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The Wall Street Journal wasn't reticent with its headline: Trump Considers Naming Next Fed Chair Early in Bid to Undermine Powell (gated) I popped a summary of the piece here ICYMI: Wall Street Journal: Trump considers naming next Fed chair early - bid to undermine Powell Its been nearly one-way traffic, lower, for the USD since: USD falling away a little on the Trump " bid to undermine Fed Chair Powell" WSJ report US dollar still dribbling lower. ICYMI WSJ: Trump undermining Federal Reserve Chair Powell While this is the catalyst on the session its not as if it's the only news on the dollar JP Morgan expects the USD dollar index, DXY, to fall by 5.7% in the next 12 months which has been falling pretty much all year.
