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Thursday, March 28, 2024

Did Treasury Secretary Lew Just Call Draghi A Currency Manipulator?

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Having already put his foot in his mouth about the US oil production industry, it appears Treasury Secretary Lew has done it again:

  • *LEW SAYS UNFAIR FX MOVES TO DRAW SCRUTINY FROM U.S.

His barbed comment can only be pointed at Draghi and his crush-the-Euro at all costs plan. But ironically, while he is ‘scrutinizing’ Europe’s collapsing currency he opines that “a stronger dollar is good for America” – despite Europe proclaiming the exact opposite is good for them and seeming to miss the report after report blaming weak earnings on currency moves.

Sure enough, The ECB is taking a page out of the BoJ currency manipul;ation playbook:

  • *COEURE SAYS EURO RATE IS A CONSEQUENCE, NOT TARGET, OF POLICY

WTF!

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