Did Trump end the greenback end its comeback? [Video]

1

Things are not looking that great in the US economy and the dollar begins letting it go. However, the main culprit regarding the dollar’s fall is the US President. Every day is followed by a new revelation, with the FBI firing and the disclosure of classified data hurting. Other major currencies are stable but also feel some pressure. And for a change, commodity currencies are enjoying a recovery, rising with the price of oil on hopes for an extension of cuts. Commodity currencies remain in the limelight with the Australian jobs report ant the Canadian inflation data. And of course, we have top-tier UK data coming up.

Wrap up of the morning show for May 17th 2017:

Get the 5 most predictable currency pairs

About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

  • ron

    There is a marked difference between “revelation” and “accusation/claim”. I prefer not jumping to conclusions until I have more data.