Dollar Bulls Watch Out: On July 26 Trump said that a strong Dollar made it “difficult to compete”. Trump contradicted Larry Kudlow who said that the U.S. would not intervene in the currency markets • Foreign holdings of Treasuries were at a record high of about $6.5 trillion in May • Investors have few alternatives in a world where many bonds in Europe and Japan actually pay negative yields, compared with about 2% for 10-year Treasuries • Citigroup’s Catherine Mann warns that Trump’s push for a weaker dollar could begin to crimp that inflow of international money • Where Is The U.S. Dollar Headed In 2019? Email Now To Access Our Next Dollar Algo Trade Alert: inquiries@ppchk.net
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