Dollar slides to three-year low after Trump repeats tariff threats
Dollar 10% down since start of year as weakening economy and erratic policy raise expectations of interest rate cutsThe dollar sank to its lowest in more than three years on Thursday as Donald Trump’s latest trade threats and the weakening economy appeared to bring forward interest rate cuts by the Federal Reserve.Foreign exchange traders sold the dollar in favour of the yen and the euro, which both climbed by about 1% against the US currency to leave it almost 10% down on its value against a basket of currencies since the beginning of the year. Continue reading...
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Dollar 10% down since start of year as weakening economy and erratic policy raise expectations of interest rate cuts
The dollar sank to its lowest in more than three years on Thursday as Donald Trump’s latest trade threats and the weakening economy appeared to bring forward interest rate cuts by the Federal Reserve.
Foreign exchange traders sold the dollar in favour of the yen and the euro, which both climbed by about 1% against the US currency to leave it almost 10% down on its value against a basket of currencies since the beginning of the year. Continue reading...
