Wednesday, January 18, 2017

US(D) Too Great For Trump





US(D) Too Great For Trump
by Saktiandi Supaat


FX Research





Markets were focused on the recent WSJ interview with Trump who lamented that the USD was too strong because “China holds down its currency”. “Our companies can’t compete with them now because our currency is too strong. And it’s killing us.” That sent the USD tumbling yesterday, bringing relief to Asian currencies including that of China. USDCNH came off towards the 6.80, a second attempt at breaking this key support level. The pair was last seen hovering thereabouts ...

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