Political Drama Is Hitting the Dollar Hard
- Currencies are proxy for politics as QE distorts stocks, bonds
- In 2017, dollar is a big loser against all 16 major currencies
The U.S. dollar has fallen hard on President Donald Trump's watch and currency traders are now betting on even more declines. Bloomberg's Lananh Nguyen has more on 'Bloomberg Markets.' (Source: Bloomberg)
President Donald Trump loves to trumpet the record run in U.S. stocks.
“Stock market hits another high with spirit and enthusiasm so positive,” he tweeted on July 12, in one of nine posts about the market this month. (He was at it again today, exclaiming “Highest Stock Market EVER” in a morning tweet.)