A Greenland U-turn and a yen rescue mission

The Sell America trade returned with a vengeance last week after President Trump threatened eight European countries with fresh tariffs for their stance over Greenland. While his entirely predictable U-turn was greeted positively by equities and bond markets, the dollar has continued to lose ground, why?

The Japanese yen has rallied sharply amid mounting speculation of a rare coordinated intervention from US and Japanese authorities to prop up the yen. Meanwhile, the race to be named the next Fed chair is hotting up, with a surprise candidate now seemingly the front runner.

We’d like to hear from you! Provide us with feedback so we can improve the podcast: https://linktr.ee/fxtalk

Liked this show? Please leave us a review here – even one sentence helps!