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Is the dollar policy ‘mini Mar-a-Lagos’ or Whac-A-Mole?
Source: The Globe and Mail
Currency & FXMonetary PolicyInterest Rates & YieldsElections & Domestic Politics
Treasury Secretary Scott Bessent is portrayed as making progress toward President Donald Trump’s objective of weakening an overvalued U.S. dollar. However, a hawkish Federal Reserve could counteract that effort by sustaining relatively high interest rates, supporting the dollar and limiting the administration’s influence over FX policy.
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