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Trump talks down dollar and yields; gold jumps

Published 04/12/2017, 03:26 PM
Updated 04/12/2017, 03:26 PM
© Reuters.  Trump talks down dollar and yields; gold jumps
  • In a WSJ interview, the president says the dollar (UUP, UDN) "is getting too strong."
  • The comments have sent the dollar index lower by about 45 pips, now down 0.4% on the session.
  • Other gems: He likes the low-interest rate policy; while he respects Fed boss Janet Yellen, he's undecided on re-nominating her for the post; as leaked yesterday, he's not going to label China a currency manipulator.
  • The 10-year Treasury yield takes heed, dropping more than three basis points to a new 2017 low of 2.265%. TLT +0.5%, TBT -1%
  • Gold (NYSEARCA:GLD) also takes notice, jumping about $5 per ounce, and now up 0.85% on the session at $1,285.


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