Risk aversion returned to the FX market last week driving equities and currencies lower. At first it was Federal Reserve Chairman Jerome Powell’s hawkishness that sent stocks tumbling but the losses were exacerbated by President Trump’s steel and aluminum tariffs. In the past month, the U.S. dollar appreciated when stocks fell but this time, the U.S. is the one stirring up the trouble so the greenback was the casualty
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Boris and Kathy Forex Weekly – 05-03-2018 – Commodity Dollars