2018 has not been all that great for the greenback, but Steven Mnuchin would no doubt welcome this, if his speech on a soft dollar being good for the US economy is anything to go by.
I’m not altogether sure of what Donald Trump would make of that, but perhaps we will know more later today when he delivers his speech at the Davos Switzerland World Economic Forum. He arrived yesterday, held talks with Theresa May, told the world America loves the UK, and promised ‘tremendous’ trade boost with the UK.
Like the UK, the US will see its GDP growth rate figures for the fourth quarter of 2017. Any major disparity between the two could lead to further volatility between the pairing. It promises to be a fascinating day whatever happens.