While you were sleeping: Dollar too strong for Trump

Tue, 17 Jan 2017

By Margreet Dietz Jan. 18 (BusinessDesk) - The US dollar fell after President-elect Donald Trump said the currency was “too strong,” undermining the nation’s competitiveness abroad. Trump, who will be sworn in on Friday, made the comments in an interview with the Wall Street Journal. “The dollar is the guiding light at this point, and all eyes are on the shape US policy will take,” Fredrik Nerbrand, global head of asset allocation at HSBC Holdings in London, told Bloomberg. “I would put today’s dollar weakness down to noise rather tha...

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