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Dollar, Stocks Drop as Michael Flynn Steps Down

Février, 14 2017

Japanese stocks dropped and shifted the market’s focus from a global rally after US benchmarks recorded fresh new highs as the dollar weakened as a reaction to the resignation of Trump’s security adviser Michael Flynn. Flynn’s cause for resignation was apparently due to the ex-adviser’s contacts within the Russian government. The dollar extended its losses against other currencies and Japan’s Topix also weakened as the JPY regained its losses.

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Dollar, Stocks Drop as Michael Flynn Steps Down

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