The two words from Donald Trump that sent the dollar plummeting

The two words from Donald Trump that sent the dollar plummeting

The US dollar slumped to a seven-week low against Japan’s yen late Tuesday, and continued to trade lower against a slew of currencies on Wednesday, after President-elect Donald Trump said that the buck was “too strong”. In an article in the Wall Street Journal, Mr Trump said the strength of the US dollar against China's yuan “is killing us”. That spurred a ferocious selling spree among traders and investors, sending the dollar to its lowest level against Japan’s currency in almost two months.

View Full Post

More great content like this @ Business & Economy Front Page or you can Request Invite

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s