What’s Behind Persistent US Dollar Weakness?
Donald Trump’s frustration with Federal Reserve boss Jerome Powell is not the only factor.
Jerome Powell, chairman of the US Federal Reserve, and frequent target of Donald Trump’s insults.
Photographer: Al Drago/BloombergThis article is for subscribers only.
Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
The pound was looking very strong this morning. We’re back up above $1.37. If this continues for much longer, we might get back above the post-Brexit highs (in the region of $1.44). What have we done to deserve such currency market confidence?