Trump, Stocks and Dollar
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The U.S. dollar dropped across the board on Friday, as investors dumped the currency after U.S. President Donald Trump once again ratcheted up his trade war, recommending that the European Union be hit with 50% tariffs beginning June 1.
Donald Trump's latest tariff threats aren't helping the beleaguered dollar. The currency was lower on Friday—including against the euro, Japanese yen and Canadian dollar—after Trump targeted Apple and the European Union in his latest trade broadside.
1don MSN
Stock and bond markets are sitting on a knife’s edge of doubt over the Trump administration’s tariffs and the impact of Congress’ budget bill on the federal deficit. Bond-rating agency Moody’s last week downgraded America’s credit worthiness.
Major stock indexes and the dollar eased on Friday after U.S. President Donald Trump unleashed his latest trade threats, recommending 50% tariffs on European Union imports from June 1 and considering a 25% tariff on any Apple iPhones made outside the U.
President Trump says he'll decide soon whether to take Fannie Mae and Freddie Mac public — a move that was vocally sought by Trump ally Bill Ackman.
AlterNet on MSN1d
Trump signed plenty of contracts in the Middle East, but he's no closer to 2 'deals' he really wantsUS President Donald Trump’s visit to Arab states in the Middle East this week generated plenty of multibillion-dollar deals. He said more than US$1 trillion (A$1.5 trillion) worth of deals had been signed with Saudi Arabia alone,
Dreyfuss LONDON/NEW YORK (Reuters) -The U.S. dollar fell for a third day against a range of currencies on Wednesday, as investors worried about the Trump administration's tax cut and spending bill, with Republicans still divided over the details of the legislation.
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