Asian session – Dollar index stays below 100 while pound rallies to 6-week highs
Posted on January 26, 2017 at 8:41 am GMTThe US dollar remained under pressure because of various protectionist initiatives by the new US administration, while the pound rallied to 6-week highs on optimism of a quick trade deal between the UK and the US, as well as progress on triggering Article 50. Despite a rising US stock market as well as higher US Treasury yields, the dollar was unable to make headway as foreign investors were wary of Trump’s protectionist policies, according to analysts. The new president authorized [..]