Our chief economist and investment officer at Saxo Bank, Steen Jakobsen, has pointed out the likelihood of Mr Trump replicating former president Richard Nixon’s weak dollar policy from the 1970s. That is an agenda of browbeating the Federal Reserve to maintain inflation low – a populist approach.
The quarterly health check of industry from the employers’ organisation found that manufacturers were upbeat about their prospects, reporting strong order books and rising output.
With stock futures higher in a global equity rally, traders on Wall Street are talking Dow 20,000 again.
- USDJPY: 113.59
- EURUSD: 1.0737
- S&P 500: 2280.07
- NASDAQ : 5600.96