Wall Street weighs wild-card risk of U.S. move to weaken dollar

Bloomberg/Katherine Greifeld

“A growing chorus of Wall Street foreign-exchange analysts is writing about the risk that U.S. President Donald Trump may move beyond words in his quest for a weaker dollar. From ING to Canadian Imperial Bank of Commerce, more analysts in recent weeks have been openly contemplating the wild-card notion that the administration could intervene to cheapen the dollar.”

USAGOLD note:  The question becomes “how does the administration get this done?”  As the old saying goes: Where there’s a will, there’s a way. One possibility raised in this article is that the White House would order the Fed to sell dollars in the open market. Such a move would create a great deal of interest in the gold market . . . .

Repost from 7-9-2019

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