The dollar has been falling for quite sharply and we explain why. It’s not the US economy: we digest the latest US GDP report which gives something for everybody before concluding with a preview as February begins.
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Dollar demise: Mnuchin’s endorsement of a weak dollar was blamed for the downfall, but that’s certainly not the main driver. We analyze the reasons for the fall, from the quick government shutdown, optimism about other economies, Fed uncertainty and more. How does the tax plan impact the buck? And what about NAFTA? Has the dollar bottomed out after Trump’s bullish USD comments or is it just another opportunity to sell the currency?
The US economy: The first estimate of US GDP came out below 3% and below expectations, but there are reasons to be optimistic about the economy. We tackle the moving parts in the largest economy.
Preview: Yellen’s last rate decision and the Non-Farm Payrolls stand out as we turn the page onto February. Will the dollar continue falling and stocks continue rising?