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Dollar lower on Trump protectionist remarks

Published 01/23/2017, 03:21 AM
Updated 01/23/2017, 03:21 AM

Investing.com - The dollar extended losses Monday after U.S. Prsident Donald Trump's protectionist remarks.
The dollar index was down 0.54% at 100.23. It was off 1.12% at 113.35 yen at 02:30 ET.
In his inauguration address Friday, Trump pledged to put "America first."
He signaled he would abandon the Trans-Pacific Partnership and renegotiate NAFTA.
Sterling traded above $1.24. U.K. PM Theresa May is to meet Trump Friday in Washington.
The euro firmed to a six-week high of over $1.07.
ECB President Mario Draghi is due to speak later Monday.

Latest comments

The world needs dollars like the market needs false narratives to maintain 2 way pricing.....I would suggest this article falls into that category. Trump would call it 'fake news' !
So if your currency is weak your a protectionist? Sounds like we're joining the club.
And US protectionism is dollar negative because.........?? A little light on detail I'm afraid. Nice video though.
Global finance would not need to use the currency as much? Lower volume lower value relative to other fiat is the way I understand it. Supply and demand.
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