Currencies articles

China’s Currency Slide Could Hit Soft Spot in Trump Economy: U.S. Manufacturing

China’s surprise move to lets its currency weaken past a key exchange rate of 7 per U.S. dollar could worsen an ongoing slowdown among U.S. manufacturers, hitting President Donald Trump’s economy in a sector known for its abundance of high-paying blue-collar jobs. A weaker yuan would make it harder for U.S. manufacturers to export products to the Asian nation while

Trump: Dollar Getting Too Strong, Thanks to Fed

President Donald Trump criticized a too-strong U.S. dollar and too-robust interest rates during a talk at this year’s Conservative Political Action Conference on Saturday, according to a video of the event posted on C-SPAN. “We have a gentleman that likes a very strong dollar in the Fed,” said Trump, after saying that Federal Reserve Chairman Jerome Powell, whom

Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, in Beijing, China, January 21, 2016. REUTERS/Jason Lee

Dollar gains ground to begin 2019 as China data temporarily rattles global markets

The dollar gained ground versus most leading rivals, with the exception of the Japanese yen, on Wednesday, after a round of weak Chinese economic data underlined global growth worries and was blamed for sparking a global equity selloff. Markets “remain fragile and safe havens remain bid. The USD (U.S. dollar) will have a hard time