TOKYO - The dollar steadied against major currencies on Monday as traders looked to more data for a gauge on the health of the global economy and the Federal Reserve’s annual Jackson Hole retreat for guidance on the outlook for U.S. monetary policy.
Traders in the yuan, and across the broader financial markets, are also nervously watching Sino-U.S. ties as President Donald Trump’s wide-ranging diplomatic dispute with China shows no signs of abating. Federal Reserve Chairman Jerome Powell will discuss monetary policy on Thursday at the opening day of the Kansas City Fed’s annual symposium.
Last week the dollar index=USD against a basket of six major currencies fell to the lowest in more than two years. It was last trading at 93.155, little changed from Friday. The euro was on the defensive following disappointing manufacturing and services sector data for Europe released on Friday.
If the buck literally stops having value under Trump. Oops
In God We Trust - The Fed has to take off the training wheels or we all lose including the legally protected anonymous owners of the Fed as well. The US Dollar is a terrible thing to waste. Trust needs to be restored and that means letting markets go and be free to correct.
reuters Sad North Korean Style MASS MEDIA BRAINWASH FROG IN A POT
Tax the stock market where $13 Trillion gain has been made a 50 cent pershare transfer tax would bring down debt fund a basic jncome and health insurance
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Source: Reuters - 🏆 2. / 97 Read more »