View full page at metalsmine.com

 

Donald Trump And The Fed Are Destroying The U.S. Dollar

From forbes.com

It's been an historic week for the U.S. with president Donald Trump signing a record $2.2 trillion coronavirus-induced emergency stimulus package. The massive cross-party rescue deal is designed to help Americans and businesses cope with the economic shutdown caused by the coronavirus COVID-19 pandemic. The U.S. dollar has taken a beating, however, dropping almost 4% against a basket of currencies this week—its biggest weekly loss since the height of the global financial crisis over 10 years ago. This week's losses come on the back of the dollar index's biggest weekly gain since the financial crisis, with the dollar ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis