Trump tanks the dollar after saying it's getting too strong
"Trump tanks the dollar after saying it's getting too strong"
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|Trump tanks the dollar after saying it's getting too strong|
Sentiment Trader saw today U.S. equities closed lower on Wednesday as investors assessed the geopolitical landscape. The dollar hit a session low after President Donald Trump told the Wall Street Journal he thought the currency was getting "too strong."
The dollar index, which tracks the greenback's performance against six major currencies, last traded 0.5 percent lower at 100.23 after hitting its lowest level of the month and crashed fast after the comments....
Dollar index intraday
As the safe-haven trade continued Wednesday, the 2-year yield fell to session lows around 1.21 percent, while the 10-year yield fell below the psychologically key 2.30 percent level.
"Nothing seems to be happening or not happening as fast as people would like it to happen,"
Other traditional safe-haven assets rose, building on gains from Tuesday' session. Gold futures for June delivery rose $3.90 to settle at $1,275.50 per barrel, while the dollar hit its lowest level since November against the Japanese yen. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 15.66.
"There's a lot of uncertainty that's really hard to model. That's why you're seeing this give-and-take [in stocks] and the uptick in volatility,"
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