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Dollar Slides As Investors Anxiously Watch Trump

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according to

Stocks Falter, Dollar Slides As Investors Anxiously Watch Trump

He plans to renegotiate the North American Free Trade Agreement with Canada and Mexico and has threatened to pull out of the agreement altogether if a compromise isn’t reached.
Expiring Tax ProvisionsU.S. stocks slipped on Monday as investors grappled with the uncertainty posed by President Donald Trump, who has given few details on the shape of his pro-growth agenda.
Trump has formally withdrew from the Trans-Pacific Partnership, a controversial trade agreement between the U.S. and 11 other nations, which was negotiated by Obama but never approved by Congress.
As concerns about trade escalate, the dollar has been losing steam, and slipped 0.6% against a basket of major currencies, according to the AMEX Dollar Index.
Stocks in Asia fell on Monday, with Japan’s Nikkei 225 ending the day 1.3% lower.
Stocks Falter, Dollar Slides As Investors Anxiously Watch Trump

according to
Dollar shifts lower as skepticism over Trump policies abounds

The dollar was moderately lower Wednesday, with investors reluctant to drive it higher amid caution about potential jawboning to stem a stronger dollar from Donald Trump and his administration.
The WSJ Dollar Index BUXX, -0.18% , a measure of the U.S. dollar against a broader basket of major currencies, was down 0.2%.
The ICE U.S. Dollar Index DXY, -0.25% , which compares the dollar to six other currencies, was down 0.3%.
Against its Japanese counterpart, the greenback USDJPY, -0.37% weakened to ¥113.23 compared with ¥113.77 late Tuesday in New York.
“Basically, I expect upside momentum” for the dollar, said Toshihiko Sakai, senior manager of forex and financial products trading division at Mitsubishi UFJ Trust and Banking.


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