Formerly NE North Dakota, now NW MN | As I understand it, item #2 is a sea change for the fomc. Under Ben, he used to say "the U.S. Treasury is the official spokesman of the dollar" and would refrain from commenting on FX. It didn't really stop them from taking actions that appeared to aimed at FX goals, but they at least claimed they weren't engaging in currency manipulation/warfare. If those comments are seen to be coupled with specific actions, that idea is out the window sparking the much heralded currency war and perhaps meltdown, which, if I understand correctly, is what you and John have been talking about for quite some time.
At any rate, for grains, nice to know there's a Yellen Put lurking out there. Sure would be nice to know what the strike price is on it tho. |
How'd You Guys Enjoy your Dollar rally Pow-wow?
