The dollar is strong against the pound and choppy against the euro this morning. This is largely due to the pound’s weakness and the euro making some gains on the back of expectations that Trump will delay auto industry tariffs for up to six months.
President Trump has also posted a tweet suggesting that the Federal Reserve could support the US in the trade war. He said that China would take action to stimulate its economy to deal with the trade war, and that the US should match this. US Presidents typically do not comment on or try to influence the Fed’s policies, for fear of undermining the institution.
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