TH: U.S Dollar slides as market anxieties mount over Trump
The U.S Dollar experienced its worst January in 30 years, as markets continue to react to President Trumpâ€™s protectionist agenda.
The U.S Dollar fell 2.6 percent against other strong currencies, marking its worst start since 1987. However, the dollar rebounded on Wednesday by 0.1 percent, upon anticipation of the U.S Federal Reserve Meeting. Markets expect the Fed to keep Interest Rates unchanged, as it waits for further clarification on the 45th Presidentâ€™s fiscal agenda.
This follows comments by Mr Trumpâ€™s trade adviser to the Financial Times, which accused Germany of exploiting a â€śgrossly undervaluedâ€ť Euro currency as an â€śimplicit Deutsche markâ€ť.
President Trump has been openly critical of other nations such as China, for alleged currency manipulation. Most recently at a press conference he commented: