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USD Drops as Trump Begins Pulling Out US from Trade Agreements

一月, 26 2017

The US dollar continued its losing streak after President Trump signed an Executive Order which will pull out US from the Trans-Pacific Partnership. Next in line could possibly be NAFTA, which Trump stated is now undergoing renegotiations in addition to implementing a high-rate border tax in spite of losses incurred after a Fed official stated his preference for high-frequency rate hikes in order to prevent the Fed from lagging behind in terms of economic movement.

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USD Drops as Trump Begins Pulling Out US from Trade Agreements

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