USD Lower After Trump Fed Policy Comments

The U.S. dollar weakened on Friday against key world currencies as President Donald Trump complained again about its strength, while U.S. and European stock markets were tepid amid fresh tariff talk and another round of corporate earnings.



U.S. government bond yields rose as Trump repeated his criticism a day earlier of the Federal Reserve’s policy on raising interest rates, saying it takes away from the United States’ “big competitive edge.” He also lamented the strength of the dollar and accused the European Union and China of manipulating their currencies.

The dollar was on pace for its biggest single-session drop in three weeks against a basket of major currencies, stalling a rally that had driven the greenback to a year high.

via Reuters