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Day: January 17, 2017
January 172017
US Dollar Drops as Donald Trump Says the Currency Is Too Strong
The US dollar experienced a sharp decline against its major peers on Tuesday, after US President-elect Donald Trump spoke against the strength of the nationâs currency. The British pound was the biggest gainer against the US dollar. The dollarâs drop followed comments made by Trump during an interview with The Wall Street Journal. The president-elect, who comes in office on January 20, said that that the devaluation of the Chinese yuan is making competition […]
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January 172017
US Dollar Drops as Donald Trump Says the Currency Is Too Strong
The US dollar experienced a sharp decline against its major peers on Tuesday, after US President-elect Donald Trump spoke against the strength of the nationâs currency. The British pound was the biggest gainer against the US dollar. The dollarâs drop followed comments made by Trump during an interview with The Wall Street Journal. The president-elect, who comes in office on January 20, said that that the devaluation of the Chinese yuan is making competition […]
Read more
January 172017
British Pound Rallies Boosted by Theresa May’s Speech Outlining a Hard Brexit
The British pound made significant gains against major currencies as Theresa May, the UK’s prime minister confirmed that the country will opt for a hard Brexit. The British pound gained almost two cents against the US dollar and also recorded significant gains against the euro and the Japanese yen. The British pound started the day weaker, but May’s speech triggered a major rally for the pound as the markets reacted positively to May’s 12-poin Brexit […]
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January 172017
British Pound Rallies Boosted by Theresa May’s Speech Outlining a Hard Brexit
The British pound made significant gains against major currencies as Theresa May, the UK’s prime minister confirmed that the country will opt for a hard Brexit. The British pound gained almost two cents against the US dollar and also recorded significant gains against the euro and the Japanese yen. The British pound started the day weaker, but May’s speech triggered a major rally for the pound as the markets reacted positively to May’s 12-poin Brexit […]
Read more