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Bullish Asian Economic Data Dent Trump Trade

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Bullish Asian Economic Data Dent Trump Trade

Bullish Asian Economic Data Dent Trump Trade*/

– Asian markets had a lot to grapple with Thursday, with a batch of bullish economic data jostling with some mixed messages from the U.S. Federal Reserve sparking a sell-off in the U.S. dollar.The data collectively were a blow to the so-called ‘Trump trade,’ which has been in vogue since the election–in short, buying the U.S. dollar, and selling…
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Donald Trump Is Already Causing An Economic “Bloodbath” In Mexico

Donald Trump Is Already Causing An Economic */

– Carlos Osorio / AP ID: 10261370MEXICO CITY — If Mexico ended 2016 concerned about the consequences of US President-elect Donald Trump’s protectionist economic policies, it has grown outright fearful in 2017.Still reeling from a sharp increase in gas prices on Jan. 1 and frustrated by the currency’s ongoing fall — the peso lost about 20% against the dollar last year — Mexicans were confronted Tuesday with Ford’s announcement that it had scrapped plans to build a $1.6 billion plant in Mexico.Earlier that day, Trump threatened General Motors with a “big border tax” for building one of its compact car models south of the border.
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Where Trump Sees Economic ‘Disaster,’ Experts See Something More Complex

Where Trump Sees Economic ‘Disaster,’ Experts See Something More Complex*/

– The economy added an average of 180,000 jobs per month between January and November 2016, with a full year’s reading due on Friday.The unemployment rate fell to 4.6 percent, the healthiest reading since before the Great Recession.Advertisement Continue reading the main storyTo be sure, there are some very real shortcomings that Mr. Trump identified in his campaign.
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