The US dollar is broadly lower against major and emerging market currencies. It has given up yesterday's gains and more. The proximate cause appears to be comments by President-elect Trump in a Wall Street Journal interview. There are two parts of Trump's comments that would have likely weighed on the dollar separately, and together they seem to be worth between 0.5% and 1.0% for the major currencies. First, Trump pushed against the "border adjustment" plan from Republicans that would have taxed imports and exempted exports. He said it was "too complicated." Recall, many economics, including Harvard's Martin ... (full story)