“As I wrote last week, Trump is weaponizing the dollar, especially as he got a tweet response from President Draghi: ‘WE are not Targeting Specific FX Rate.’ This is not what Trump accused Draghi of. He just said a weaker currency, not a specific rate. Regardless, the GOLD/euro, gold/Swiss and other gold crosses have made new highs as investors continue to be leery of central bank desires to keep downward pressure on interest rates. Can Chairman Powell remain sanguine and patient in a world where Draghi and others are so dovish?”

– Yra Harris

link here to Yra’s blog

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