Don’t show President Trump this chart…
Source: Bloomberg
On a broad trade-weighted basis, the dollar has never been stronger against the rest of the world’s fiat currencies.
And following this morning’s comments from European Central Bank policy maker Ewald Nowotny, that adding equity purchases to the ECB’s monetary-policy mix isn’t a realistic option,
“I would completely exclude it” as a tool because “for Europe it is inappropriate,” Nowotny told reporters in Alpbach,…
