US Dollar Slumps After Trump Comments

The US dollar suffered further losses against other major currencies on Thursday, after President Trump said the dollar is getting too strong. The dollar index, which measures the US currency against a basket of six other major currencies, fell to 100.01 in Asian trade early Thursday. Lowest level since November The US dollar dropped to…

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Dollar Hits 2-Week High After Trump-Abe Meeting

The dollar rose to a 2-week high against a basket of currencies on Monday, after the meeting between U.S. president Donald Trump and Japanese Prime Minister Shinzo Abe. A senior Japanese government spokesman unveiled that Abe and Trump did not discuss currency issues and that Trump did not request a bilateral trade deal. The dollar…

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Dollar Bounces Back After Recording Worst Start To Year

The U.S. dollar regained some ground on Wednesday, retracing some of its declines on Tuesday after Germany and Japan rejected accusations from the Trump’s administration. US President and his trade adviser accused Germany, Japan and China of exploiting currencies to gain a trade advantage over the US. The US Dollar Index, which measures the greenback…

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