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Donald Trump told the Wall Street Journal before his inauguration that the dollar is too strong, prompting market speculation on whether he will act on the yen. Treasury nominee Steven Mnuchin is referenced in the piece.
The article notes Washington's long history of shifting views on currency policy.
Expectations of US pressure for a weaker dollar could weigh on the dollar and support dollar-priced commodities, but no concrete action has been taken yet.
asia.nikkei.comISAYA SHIMIZUJan 28, 2017Not enough comparable past events yet for a historical read.
After 41 past policy events, US Dollar (Broad) moved a median -0.2% over 5 sessions (44% higher; middle half -0.6% to +0.4%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
