The Trader 

Market Outlook: Dollar comments all round

The Trader

On Wednesday US Treasury secretary Steven Mnuchin abandoned decades of use of the ‘strong dollar policy’ mantra stating the obvious:  a weak dollar is good for US trade and therefore benefits the nation over the long term.  Yesterday at the ECB’s rate-setting meeting president Mario Draghi spat out these words: ‘’the exchange rate has moved…due to exogenous reasons that have to do with communication.  Not by the ECB, but by someone else.  This someone else’s communication does not comply with the agreed terms of reference.’’  Later in the day President Trump told CNBC, ‘’the dollar is going to get stronger and stronger and ultimately I want to see a strong dollar’’.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now