Dollar Weakens on Trump Fed Remarks

Dollar Weakens on Trump Fed Remarks

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WORLD HEADLINES – Critical comments by U.S. President Donald Trump about the country’s central bank held back some stocks on Tuesday, while the dollar index fell for the fourth consecutive day in its worst spell since March.

STOCKS – The pan-European Stoxx 600 index rose 0.2 percent in early trade on Tuesday, with export-led UK stocks underperforming.

BONDS – The 10-year Treasuries traded lower during the overnight trading session.

COMMODITIES – Commodities that are priced in dollars and so benefit from any weakness were higher across the board.

CURRENCIES – The dollar index which tracks performance against a basket of six major currencies, fell 0.35 percent on Tuesday. It has now fallen 1.2 percent in the last four days, its worst such run since late March.

ECONOMIC DATA – N/A.

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