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Dollar, Stocks Drop as Michael Flynn Steps Down


February, 14 2017
watermark Economic news

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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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.