By Adam Samson
The US dollar fell further into the red on Tuesday, with optimism over higher American growth and inflation continuing to fade following a round of disappointing housing data.
The dollar index, a measure of the buck against half-a-dozen major currencies, was recently off by 0.56 per cent, and trading at its weakest level since the days immediately following the election of Donald Trump.
Investors have taken a drearier view on the so-called ‘Trump trade’, with the businessman-turned-politician lodged in deep political controversies that are expected to challenge his ability to pass a pro-growth agenda in the near-term. Mixed economic data have also painted a muddy picture of the US economy, just as the eurozone and other big developed markets are beginning to look brighter.
Read the Full Article at www.ft.com >>>>
ATTENTION READERS
We See The World From All Sides and Want YOU To Be Fully InformedIn fact, intentional disinformation is a disgraceful scourge in media today. So to assuage any possible errant incorrect information posted herein, we strongly encourage you to seek corroboration from other non-VT sources before forming an educated opinion.
About VT - Policies & Disclosures - Comment Policy
