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Trump’s speech weakens US Dollar – Analysts

Trump’s speech weakens US Dollar – Analysts
The US Dollar index fell by 0.29% (Photo Credit: Arabianeye-Reuters)

By: Mahmoud Gamal

Mubasher: The US Dollar investors are foreseen to continue the profit-taking activity during this week, after Trump’s speech showed no indicators to support economy, analysts told Mubasher.

The US Dollar index fell by 0.29% to reach 101.17 in the past week.

The US Dollar is heading toward further loses in the coming week after Trump made his first press speech before being officially named the US President, Capital market analyst Alaadin Frahat said.

He noted that the US’s trade surplus with China has declined, this could weaken the US currency.