With the interventions of the President likely to continue, and possibly get more frequent again now that Chief of Staff Kelly has left the White House, the dollar is a tricky one to call. Economic data is still good and on Friday this week we have non farm payrolls to kick off the first big data release of 2019, even more important with the Fed now on ‘data watch’. 2019 will be the year we find out whether all that stimulus from Trump’s policies has led to real economic growth or not. If the US economy has peaked, the dollar is at very high levels which might be hard to justify.
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