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 Trump’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 President’s fiscal agenda.
This follows comments by Mr Trump’s trade adviser to the Financial Times, which accused Germany of exploiting a “grossly undervalued” Euro currency as an “implicit Deutsche mark”.
President Trump has been openly critical of other nations such as China, for alleged currency manipulation. Most recently at a press conference he commented:
