Day: April 17, 2018

FX Manipulation: To Take Trump Seriously Means not Literally

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Through Republican and Democrat Administrations, no US president has found that a foreign country’s activities have risen to the level that can be considered manipulation for nearly a quarter of a century. Initially, the law required a judgment of intent. Intervention by itself, or even a pegged currency regime, was not proof of manipulation. Unsatisfied …

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Dollar Recovers from Further Selling as Turnaround Tuesday Unfolds

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After the retreating in the North American session yesterday, despite a rebound in retail sales after three-months of declines, the greenback has been sold further in Europe and Asia.  The euro edged through last week’s high near $1.24, and sterling rose through the January high to reach its best level since the mid-2016 referendum. Sterling …

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