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Markets Today: Burning down the (White) house
More of the same for currencies and bonds on Friday, the US dollar continuing to leak lower alongside US Treasury yields. Latest news out of Washington helping maintain the bearish dollar tone was the resignation of white House press secretary Sean Spicer, after telling President Trump he vehemently disagreed with his appointment of Anthony Scaramucci, a New York financier, as his new communications director. US stocks went out with a whimper Friday, the S&P -0.04% for a fall of 0.3% on the week. The VIX made a new post-1993 record closing low of 9.36 (-0.22 on the day and -0.15 on the week). In contrast, the ... (full story)