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Friday, April 14, 2017

The US Dollar was just talked down by the US President

So, these things happen in 2017. Markets and individual publicly-traded companies have learned over the past few months to adjust to unexpected criticism from President Trump's twitter account or off-the-cuff remarks.

Today, however, the US dollar saw a sharp -0.5% fall intraday after President Trump commented that the dollar was "getting too strong" and that the Fed should keep interest rates low. Apparently the currency markets are still adjusting to the new president's communication methods.

Read how the US dollar and several currency pairs have been reacting to recent news in this report by Bloomberg