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FX MARKETS ANALYSIS: Trump and FX Intervention – Will he, can he and would it work?

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TD Securities: Under previous administrations, TD Securities would be quick to downplay the probability of intervention as market conditions make it hard to justify. In the current environment, however, TD cannot dismiss the risk of intervention as political boundaries have shifted, highlighting that the US have already used access to USD funding and payments systems to gain diplomatic leverage.

MNI_MARKETS_ANALYSIS_-_Trump_and_FX_Intervention.pdf

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