Wednesday’s Top Stories- January 25, 2018

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Trump’s ‘America First Agenda’

Senior U.S. officials have retaliated against the idea that President Donald Trump’s “America First” agenda was negatively impacting globalization and trade, setting an aggressive stance prior to Trump’s visit to the World Economic Forum.

U.S. Treasury Secretary Steven Mnuchin stated that he embraced a weaker U.S. dollar, helping to push the world’s reserve currency to a three-year low against a basket of major currencies. “Obviously a weaker dollar is good for us as it relates to trade and opportunities,” Mnuchin said at a press conference…Read More Now


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Dollar Weakens, Europe Thrives

New lows were reached on Wednesday for the U.S. dollar following the remark by U.S. Treasury Secretary Steven Mnuchin that he welcomed its weakness and figures indicated that the euro zone economy began this year at its strongest pace in over ten years.

The greenback was down half a percent against a basket of currencies in European trade. The euro hit a three-year high of $1.2356, the dollar dropped below 110.00 yen for the first time since September and reached fresh three-year lows on a trade-weighted basis…Read More Now

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