The pattern of a weaker US Dollar has continued to play out since I posted 24 hours ago, as the Bloomberg Spot Dollar index closed down another 0.29% and the DXY down a larger 0.48%. The Euro has been the largest beneficiary, EUR/USD up and over 1.18, levels not seen since January 2015. It’s been a combination of continued momentum appetite for the Euro, aided by somewhat better-than-expected data out of Europe, mixed data from the US, and over recent hours, more revolving doors at the White House. Anthony Scaramucci has been shown the door after that recent venting tirade. Newly-appointed Chief Of Staff John Kelly has apparently been given carte blanche to make changes. And he did. Whether justified or not, it’s only added to the market’s perception that the wider tax reform, budget reform, and growth agenda is even further on the backburner. Adding to the market’s gloom over Washington, Fed Vice Chairman Fischer warned in a Brazil speech how political uncertainty can hurt economic growth. His speech was pondering why interest rates globally have remained so low for so long, including from weaker investment and demographics, evident even before the Global Financial Crisis.