Dollar Rates Drop as Data Disappoints and Potential Impeachment Looms
The dollar weakened slightly following another poor data run and the leader of the democrats Nancy Pelosi laying out her case in order to push ahead with impeachment proceedings against President Trump. The only respite for the dollar coming in the form of non-farm payroll numbers which smashed the target.
The poor data was a continuing trend and arguably highlighted the steady effects of Trump’s trade crusade. This week saw further tariffs applied to Brazil and Argentina and Trump declaring he has no timeline to wrap up a deal with Beijing.
ISM data
This week brought the release of the ...