Foreign Exchange Insights and Next Week
A U.S. President’s Attitude Toward the Dollar Can Indeed Influence its Performance
February 12, 2020
As a candidate for president and since stepping into that job, Donald Trump has disparaged virtually every aspect of his predecessor’s record including how he handled the economy. And while touting his own record, the U.S. economic performance of the past three years has looked like an extension of the Obama stewardship in several respects. […] More
New Overnight Developments Abroad - Daily Update
Equity Markets Rise and Dollar Narrowly Mixed
February 12, 2020
Fed Chairman Powell will reprise yesterday’s upbeat Humphrey Hawkins testimony today before the Senate Banking Committee. He characterized the U.S. economy as “in a very good place” and said policy would react to the coronavirus impact only if such proves “persistent and material.” Recent remarks by other Fed officials such as Harker, Daly, and Bullard […] More
