Dollar Weakens To Seven-Month Low Amid Geopolitical Tensions

The dollar sank to its weakest level since mid-April against the yen on Tuesday, after escalating tensions in the Middle East and the coming testimony of the former FBI director, British elections and a European Central Bank meeting shook the currency market. The dollar fell 0.9 percent to 109.28 yen, while euro dipped as low…

Continue Reading

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…

Continue Reading