EUR/USD higher = Liquidity Taps Off

Oh the poor US Dollar. How different it all was a year ago, where Trump was inaugurated to the lilting tones of a thousand sell-side analysts calling EUR/USD to parity. With the US Dollar shedding 15% against the Euro since then, has The Donald already failed to Make America Great Again?

For once, Blondemoney isn't going to blame the politicians. Sure, there is now a significant risk premium building into US assets, what with a President stacking the central bank with his stooges, a government shutting down despite being in the hands of the same party, and . . .

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