Trump, dollar and EU tariff
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While federal law requires publicly disclosed monitoring of major pollutants, fence-line communities in Louisiana have long sought data on their exposure to hazardous and likely carcinogenic chemicals like chloroprene and ethylene oxide, which were not subject to these same regulations.
The Canadian dollar strengthened to a seven-month high against its U.S. counterpart on Friday as the greenback posted broad-based declines and domestic retail sales data supported bets that the Bank of Canada would remain on the sidelines.
The yen was steady at 143.84 per dollar, also on course for a 1.2% rise for the week, after Japan's core inflation accelerated at its fastest annual pace in more than two years in April, raising the odds of another interest rate hike by year-end.
ESWAR PRASAD is Senior Professor of Trade Policy in the Dyson School of Applied Economics and Management at Cornell University, a Senior Fellow at the Brookings Institution, and the author of The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance.
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With the Trump administration increasingly focused on striking deals to help weaken the dollar, a team of analysts at Deutsche Bank crunched the numbers and determined just how much the greenback would need to weaken to eliminate the U.
A gauge of the dollar touched its lowest mark in a month as traders awaited a Group-of-Seven meeting this week for any signs that the Trump administration is seeking a weaker US currency.
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Sentiment towards the dollar experienced a profound shift in recent months. Once prepotent among currencies, of late, as UBS’s monthly currency strategy observes, "the greenback is now viewed as a 'sell on rallies'” by global investors.