archiveus dollar fall

NEW YORK, April 29 — The dollar edged up today but was on track for its biggest two-month fall in more than 20 years as German fiscal spending plans boosted the euro, while US economic policies undermined investor confidence in the greenback.The common currency jumped in early March as German parties, after decades of austerity, reached a deal to sharply increase public spending, boosting growth expectations for the euro area’s biggest economy.In early April, investors rushed into safe-haven currencies such as the yen and the Swiss franc, but also the...

Amid loss of confidence in the US economy as a result of President Donald Trump’s policies, euro has climbed to a three-year high as the US dollar has fallen 8% since Januaryread moreAs confidence in the US economy falls as a result of President Donald Trump’s policies, euro has emerged as a safe haven that has gained at the cost of US dollar.Even though Trump came to office with the promise of bringing US economy out of the purported yearslong decline, the US dollar’s value has fallen 8 per cent...