A quick look at the major events coming up likely to effect the US dollar
Political and policy risks from Washington have been dollar positive in the past several months … the impact of these drivers may become more mixed in the coming quarters
- NAFTA … deadline to finalize the treaty on Oct 1st
- Escalation of US-China tit-for-tat
- Turn-of-the-year fiscal stimulus may have helped drive the US data exceptionalism seen earlier this year, but the positive impulse will likely fade in the coming quarters
- talks about the Tax Reform 2.0 are highly unlikely to be actually realized
- The dollar is also likely to be shadowed by other political risks, including midterm elections … and the Mueller investigation
- Trump's continuing interest in currency policy will once again make the Treasury Department's Oct-15 currency manipulation report important on the event risk calendar
