Asian session – US dollar recovery challenged by weak data, Trump actions
Posted on January 30, 2017 at 8:22 am GMTThe US dollar traded mostly sideways on Monday, as an attempt to drive it lower in mid-Asian session failed. Still the dollar had trouble fully overcoming headwinds like Friday’s weak GDP numbers as well as Trump’s latest controversial executive order that banned immigration from seven Muslim-majority countries in the Middle East and Africa. The dollar index traded as low as 100.17, before coming back to 100.40 in late Asian trading. Friday’s close was at 100.56. On Friday, data showed that [..]