花辨直播官方版_花辨直播平台官方app下载_花辨直播免费版app下载

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
World
Home / World / Americas

Dollar erases gains after Trump announces council disbanding

Agencies | Updated: 2017-08-17 04:19

Dollar erases gains after Trump announces council disbanding

A US five dollar note is seen in this illustration photo June 1, 2017. [Photo/Agencies]

The dollar turned lower against most major currencies on Wednesday following an exodus from and eventual disbanding of US President Donald Trump's manufacturing council and strategic policy forum.

Trump announced he was shuttering the manufacturing council after the chief executives of 3M and Campbell Soup announced they would leave it over his comments about a violent weekend rally and subsequent death of one person in Charlottesville, Virginia. A second strategic and advisory group was dismantled as well.

The dollar index DXY, which tracks the greenback against six major currencies, fell near its lows of the day following the announcement from Trump via Twitter.

"Right now it seems like (the dollar's slide) is coinciding with Trump's announcement that he's disbanding the council, another hit to administration, weighing on market sentiment and leading investors to sell more dollars because dollar has had a very difficult time extending gains ahead of the FOMC," said Kathy Lien, managing director of BK Asset Management. "The timing seems to indicate this is the primary driver."

The dollar turned negative against the yen JPY=, euro EUR= and Swiss franc CHF=, having earlier touched weekslong highs against each.

REUTERS

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US