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TYD - The Federal Reserve And The U.S. Dollar: Doing The Right Thing
Direxion Daily 10-Yr Treasury Bull 3x Shrs
There seems to be little question these days about the position of the US dollar in the world.
The US dollar is still the primary currency in the world... and Jerome Powell and the Federal Reserve appear to be doing everything they can to sustain that position.
The latest move by Mr. Powell and the Federal Reserve has been to set up a facility allowing foreign central banks (up to 170 of them) and international monetary authorities to enter into repurchase agreements with the Federal Reserve and trade US Treasury securities for dollars. This new