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Dollar heads lower a day after Trump rips Fed and calls China and EU currency manipulators

From cnbc.com

President Donald Trump is getting his wish, at least for a day: The U.S. dollar is losing ground Tuesday a day after he said he's disappointed with the Federal Reserve's intention to keep hiking interest rates. Since he's been in office, Trump has expressed his preference for a weaker currency, believing it makes U.S. exports more attractive on a global stage while he's trying to lower the national trading deficit. In remarks Monday to Reuters, Trump again criticized the Fed and said he was hoping that Chairman Jerome Powell would have leaned more toward cheaper money. He took his position a step further by saying ... (full story)

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  • Category: Fundamental Analysis