Currency intervention: how would the US do it, and would it work?
Editors note: The markets are increasingly expecting dollar realignment efforts by the US. Very good. Washington’s FX policy has oscillated between heavy interventions and benign neglect [Eva Szalay | July 16, 2019 | Financial Times] The US dollar is near a multi-decade high, on a trade-weighted basis, and President Donald Trump is not happy about…