Currency comment 4/13

The currency markets were thrown into turmoil late Wednesday afternoon when President Trump said he thought the U.S. dollar was too strong. This sent the dollar much lower and foreign currencies higher. This movement continued on Thursday although the extent of the move was diminished. The effect was more extreme in the U.S. equity markets which moved strongly lower on Thursday.

Investors will be watching the news for the next three days (U.S. markets will be closed tomorrow for Good Friday) to see if the President says anything else that is seen as disruptive to markets.