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Screenshot of a breaking news alert e-mail from Q2 2017
The American people have put their trust in the Republican Party, sending a GOP majority to the U.S. Senate. Voters delivered a strong conservative message rebuking the policies and direction of the country at a time when Barack Obama’s approval ratings are sitting at all-time lows. So in the immediate term, what does that mean to the currency markets — for one, the USD rally is likely to resume…
A conservative agenda of getting spending normalized and putting the US on course to tackle it’s huge fiscal problems is a reason for financial markets and particularly the dollar to cheer. Couple that with the fact that interest rates do eventually have to trickle up, the markets knee-jerk reaction was as expected. The question remains if Republicans have learned their lesson from the George W. Bush years and will be ready to respond to a rabid conservative base and disenchanted liberals upset about the direction of the US economy.
I want to congratulate all our candidates tonight,” said RNC Chairman Reince Priebus. “Our party’s principles and message resonated with voters across the country. This was a rejection of President Obama’s failed polices and Harry Reid’s dysfunctional Senate