Dollar nurses losses after Trump remarks By Investing.com

Dollar nurses losses after Trump remarksInvesting.com - The dollar was nursing losses against a basket of the other major currencies on Thursday after falling in the previous session when U.S. President Donald Trump said the currency was too strong. Market sentiment has been hit by a combination of worries over U.S. military action against Syria and North Korea and the narrowing race in the French presidential election. The pound remained higher against the dollar, with up 0.18% at 1.2561, the most since March 28. The Australian dollar also strengthened, with advancing 0.84% to 0.7586, rebounding from Wednesday's three-month lows of 0.7472. In an interview in the Wall Street Journal Trump said Wednesday the U.S. dollar "is getting too strong" and he would prefer the Federal Reserve keep interest rates low.


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Dollar steadies after Trump calls for weaker greenback By Investing.com

Dollar steadies after Trump calls for weaker greenbackForex 13 hours ago (Apr 13, 2017 03:29AM ET)Investing.com - The dollar steadied Thursday after lows as Trump said the U.S. unit was getting too strong. Dollar steadies after Trump calls for weaker greenbackRelated Articles In an interview with the Wall Street Journal, Trump also said he preferred that the Fed keep interest rates low. The dollar rose 0.17% to 109.22 after hitting a low of 108.73. After meeting with his Russsian counterpart and Vladimir Putin, Tillerson said U.S.-Russian relations had sunk to a low point.




President Trump said on Wednesday that the dollar was "getting too strong" and would eventually hurt the U.S. economy, while admitting he would like to see interest rates stay low. The USD index measures the dollar against a basket of foreign currencies, weighted mostly towards the Euro (57.6% weight). The USD index broke out in late 2014, after several years of sideways trading. "I think our dollar is getting too strong, and partially that's my fault because people have confidence in me. There was a breakout attempt in late 2016, and the index finally did penetrate the 100 resistance barrier.


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