Dollar caught in crossfire as Trump talks tough on currencies

From reuters.com

The dollar struggled to regain its poise on Wednesday after the Trump administration accused Germany, Japan and China of devaluing their currencies to gain a trade advantage, adding to a risk-off mood that also kept stocks subdued. The U.S. currency suffered its worst January in three decades after President Donald Trump complained that every "other country lives on devaluation." Just hours earlier, his top trade adviser said Germany was using a "grossly undervalued" euro to exploit its trading partners. The accusations drew rebuttals from German and Japanese officials, but looked likely to run for some time. ... (full story)