Trump makes it simple . A lower dollar will lower the US trade deficit which is good for the USA .
GVI Trader Jay Meisler 16:38:00 GMT - 01/25/2018
PAR, that has never worked in the past.
lkwd jj 16:41:44 GMT - 01/25/2018
lower dollar is to help companies export , like japan and china currently. he wants usa to be a choice too. more manufacturing = more jobs=higher standard of living=strong economy.
Mtl JP 17:08:45 GMT - 01/25/2018
Earlier this a.m. global-view gave draghi only a few hours "...to figure out a way to deflect this change in U.S. dollar policy."
So draghi the cavalier tried: “The exchange rate has moved in part because of endogenous reasons, namely the improvement in the economy, in part due to exogenous reasons that have to do with communication. But not by the ECB, but by someone else. This someone else’s communication doesn’t comply with the agreed terms of references.” (bbrg)
And so draghi failed publicly, embarrassingly and miserably as eurdlr "continued its advance as Draghi spoke Thursday, topping the $1.25 level." in a resonating slap hear across the FX trading world.
Odds are draghi , back in his den, is putting ice on the sting as he is caressing a vengent slap scheme of his own at a most opportune time. This just can not go un-answered.
Israel Dil 17:10:21 GMT - 01/25/2018
since ages weekly close with strong USD bias... :-)))
Mtl JP 17:29:02 GMT - 01/25/2018
Dil still looking for the source ?
I am feeling magnanimous atm so u get a break: forget it.
Israel Dil 17:46:39 GMT - 01/25/2018
jp you are not the type I let to lick my arse, one less fantasy for you to live for :-)))
Mtl JP 11:32:40 GMT - 01/26/2018
Dil 17:46 - mixing bad words, bad grammar "my arse" s/b "am an arse" (note to your partner / whatsapp members) with bad mood, almost lighting yourself on fire trying to improve my trading makes for my morning small chuckle moment
Israel Dil 11:49:48 GMT - 01/26/2018
jp - take the second turn to the right, you may get a life there.
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