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Tyler Durden — Dollar Surges After Trump Says “Mnuchin Was Misinterpreted, Dollar Will Get Stronger”

Summary:
The Oracle Master Persuader speaks. After Stephen Mnuchin failed to arrest the dollar's freefall this morning, it appears to have been left to President Trump to 'fix' it. In a brief clip from a longer CNBC interview, Trump explained "ultimately he wants to see a strong dollar" and the dollar spiked... As Scott Adams says, facts are meaningless; persuasion is everything. Trump gets that in spades. Zero HedgeDollar Surges After Trump Says "Mnuchin Was Misinterpreted, Dollar Will Get Stronger" Tyler Durden

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The Oracle Master Persuader speaks.
After Stephen Mnuchin failed to arrest the dollar's freefall this morning, it appears to have been left to President Trump to 'fix' it. In a brief clip from a longer CNBC interview, Trump explained "ultimately he wants to see a strong dollar" and the dollar spiked...
As Scott Adams says, facts are meaningless; persuasion is everything. Trump gets that in spades.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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