Dollar Dumps After Trump Accuses Other Countries Of “Devaluation”

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…

via http://ift.tt/2jR0g3g Tyler Durden

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