can you believe the dollar shot up in value just because comey said this?

Comey Admits Under Oath That Obstruction “Never Happened”
Tyler Durden, Zero Hedge, May 18 2017

Citi’s Aerin Williams notes that the dollar is higher on the Comey video below:

DXY is rallying as traders pass around a CSPAN video of Comey testimony from May 3. This is not a new testimony. Under oath, he suggests that there have been no obstructions by saying that a President did not seem to be telling Comey to stop investigations for political reason. One could imagine that the deputy AG saw this testimony before appointing a special prosecutor, but it adds to the puzzle investors are trying to put together.

Bloomberg Dollar Index:

20170518_USD

Note – 10Y Yields are not moving on this.

As we detailed earlier, next week’s James Comey hearing is certainly setting up as a ‘grab yr popcorn’ moment with Demagogs lining up for their 5 minutes of fame to ask the question that ‘proves’ Trump deserves impeachment. However, it appears there is no need for the hearing as Comey already confirmed under oath that “he has not been pressured to close an investigation for political purposes.” Testifying under oath in front of the Senate Judiciary Committee on May 3, Comey states that he has not been pressured to close an investigation for political purposes, “not in my experience.”

Not in my experience. Because it would be a big deal to tell the FBI to stop doing something like that, without an appropriate purpose. I mean where oftentimes they give us opinions that we don’t see a case there and so you ought to stop investing resources in it. But I’m talking about a situation where we were told to stop something for a political reason, that would be a very big deal. It’s not happened in my experience.

Caught on tape?

Some have claimed that Comey is responding specifically to a question whether someone at the DoJ or the AG had ever asked him to halt an investigation. That is true, however, his response is not specific. His response is general.

It would be a big deal to tell the FBI to stop doing something, like that, without an appropriate purpose … I’m talking about a situation where we were told to stop something for a political reason. That would be a very big deal… It’s not happened in my experience.

It seems like ANY “pressure” to stop an investigation is a “big deal” and that’s “not happened.”

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