In any case, the tailwind that the dollar had since December has officially switched sides. The greenback felt like it had the Trump card, literally speaking, in the game coming into the turn of the year. But did it really?
He wants a weaker dollar, or so he said last year. As mentioned in the linked post, the only realistic option for that is to pressure the Fed into cutting rates quicker. And that looks to be precisely what we're seeing from the man now.
proclaims to "know interest rates better than the Fed" and wants rates to be cut "immediately".
But for the time being at least, it looks like the dollar just got Trump-ed to start the new year. With tariff fears abating, the emphasis will switch back towards inflation and labour market data to see how things progress from here.
This article was written by Justin Low at www.forexlive.com.Hence then, the article about the dollar has lost its trump card was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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