Just as the Trump administration seeks to stem immigration, a weak dollar
hurts firms abroad seeking to export into the U.
In world markets, oil prices were stable in trading yesterday due to strong deman and weak dollar
, including OPEC continued commitment to reduce production.
Treasury Secretary Steven Mnuchin said that a weak dollar
was good for trade, while the Trump said the US "is becoming so economically strong again - and strong in other ways too, by the way - that the dollar is going to get stronger and stronger.
When Mnuchin suggested Wednesday at a global economic forum in Davos, Switzerland, that a weak dollar
would benefit the United States, the U.
Treasury Secretary Mnuchin disavowing weak dollar
attribution, before rolling back over to session lows of 108.
A weak dollar
makes dollar-priced metals cheaper for non-US investors.
However, despite low inflation and weak dollar
the resistance level of $1,300 is firm for now as expected US Fed rate hike and profit taking may keep gold from breaching the barrier this year.
However, continued capital inflows and weak dollar
overseas restricted the rupee fall to some extent, a forex dealer said.
Crude oil prices rebounded on Tuesday thanks to a weak dollar
, as the political paralysis in Washington over the US budget showed no sign of ending.
But in times of recession, are we better off with a weak dollar
that stimulates US manufacturing by making our goods cheaper and more competitive?
7%, helped by the weak dollar
, with records set for petrol, services and advance technology goods.
Summary: Oil prices rose more than 2 percent Tuesday on optimism that Greece can pass an unpopular austerity program as Europe fashions a solution to Athens' debt woes and also on lift from a weak dollar