RSS SubscribeThe U.S. Dollar Is Riding High. Trump Could Put an End to All That.
From Barron’s
Jerome Powell spoke and the dollar jumped.
That was one of the surprising consequences of the Federal Reserve chair’s Dec. 18 news conference. Powell and his colleagues had opted to lower interest rates by a quarter point. In general, lowering a country’s interest rate might be expected to weaken the attraction of its currency, since investors could potentially earn a better return elsewhere. But the dollar isn’t like other currencies.
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