USD set to get another thrashing after Trump’s weekend debasement comments | Forexlive
Trump spoke in a pre-taped interview with Fox News’ “Sunday Morning Futures”, notable about about his big ugly bill. He’s unsure it’ll pass by his July 4 target date:
“I don’t know. I mean, I can’t tell you that”
“I’d like to say, yes. But the problem is if we’re two days late or five days late, everybody says, ‘Oh, you had a tremendous failure.’”
“It’s very important. If we don’t have it, there’s a 68% tax increase. If we have don’t it, you know, the debt ceiling extension is very important.”
As for the USD, he set it on course for further debasement (its already down 10% this year so far, its worst half year performance in 4 decades), he spoke on the $9 trillion US debt that is set to mature this year:
- “ … I don’t want to have to pay for 10 years debt at a higher rate.”
- “ … we’re to get somebody into the Fed who’s going to be able to lower the rate.”
This is not a trend you want to be fighting, it has support right at the top of the US admin.
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