US: Trump up against the wall - Rabobank
|Michael Every, Senior Asia-Pacific Strategist at Rabobank, explains that there have been significant developments in Russiagate as one of the primary targets of investigation, former National Security Advisor Michael Flynn, has opted to take the Fifth Amendment and remain silent rather than testify in Congress.
Key Quotes
“The optics of that are obviously extremely poor both for him and the White House; separately, there is far less important related news that Flynn may have lied about having been paid by Russia Today to give a public speech.”
“Worse for President Trump, the Washington Post are again reporting from anonymous sources that the president directly asked two top intelligence chiefs to push back against the FBI investigation into #Russiagate. And, lastly, testimony from former FBI Director Comey scheduled for Wednesday has been postponed so he can first talk to his old colleague, the Special Counsel investigating #Russiagate, Robert Mueller. As such, we are all waiting for longer for clarity while the pressure continues to mount on the White House. One wonders what was written on the note that Trump slipped into the Wailing Wall in Jerusalem yesterday. Whatever it was, USD bulls must hope it helps as the green-back continues to slip further, the DXY now down to 96.9 and US 10-yer yields around 2.23%.”
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