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Snap AV: Trump’s irrational dollar

From Commerzbank as the dollar index looks to give up its Trump gains:US President Donald Trump had a problem – from his own point of view: he was too good and that made the dollar too strong. That is at least how he presented it in an interview on 12th April: “I must be honest with you, I think our dollar is getting too strong, and partially that’s my fault because people have confidence in me.” Well, Trump has solved at least this specific problem. The (ICE’s) dollar index (DXY) has retraced any gains that were recorded since the US Presidential elections and is trading at the levels seen at the end of October 2016. The last bit of the “Trump dollar” has disappeared.… Now everyone (regardless of their political convictions) is worried that this President (a) cannot be expected to present

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David Keohane
(Spending some time as FTAV’s Bombay wallah. Noticeably sweatier but not much else has changed.) David studied economics, politics and journalism before joining the FT in 2011 as a Marjorie Deane fellow. He covered emerging markets, equities and currencies before making the jump over to FT Alphaville in May 2012. In between his degree and masters he wandered into the real world of business where he learnt how to manipulate a spreadsheet and organise meetings where nothing gets decided.

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