Posted by on January 31, 2017 2:05 pm
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Categories: Alt-right Business China Climate change skepticism and denial Conservatism in the United States Devaluation donald trump Economy European Central Bank Eurozone japan Macroeconomics Monetary Policy Politics of the United States Stock market crashes The Apprentice Trade Wars United States US Federal Reserve WWE Hall of Fame

It appears America’s ‘strong dollar policy’ is over. President Trump just commented that “other countries take advantage of America by devaluation,” and then Trump directly named China and Japan as “planning money markets,” presumably implying manipulation.

And the reaction in the dollar is clear…

Erasing all the post-ECB, post-Fed gains…

The Dollar Index has broken a key trendline…

USDJPY has broken a key support level… This is the biggest 2-day drop in USDJPY in six months.

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