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...Trump's legislative failures, combined with rejuvenated economic growth in Europe, have dealt a powerful blow to the almighty dollar. The U.S. dollar index, which measures the American currency against its rivals, has plunged 10% since peaking Jan. 3. The dollar is in its first five-month losing streak since 2011.
While the stock market has been driven to record highs by strong corporate earnings, the currency market seems fed up with Trump's stumbles.
The "White House soap opera" has fueled the dollar's decline, according to Kit Juckes, a macro strategist at Societe Generale.
"Confidence in the U.S. administration's ability to deliver growth-boosting fiscal policies is at rock bottom,"
originally posted by: AugustusMasonicus
originally posted by: toysforadults
The laws of supply and demand would dictate that there is more available money right??
Shouldn't the dollar be going up in value?
Supply and demand dictates that more of something means it's worth less. Scarcity creates demand.