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Wednesday, October 18 2017 @ 02:14 PM AST

US dollar falling to lowest levels since Trump took office

What does this mean for Trinidad and Tobago? So far nothing because while normally, the oil price would uptick, it already has (see NASDAQ chart at right) but remained below US$50 per barrel.

The following is from STIFEL Economics:

Currency Volatility, Dollar Down; Housing Starts Fall

The U.S. dollar is trending lower for a fifth day, with the dollar index flirting with its lowest levels since the election of President Trump. The broad weighted dollar index is down 0.47%, currently trading at $98.45 as of 8:39am ET.

European currencies were increasingly volatile in overnight trading amid positive Eurozone GDP growth, strong German economic data and solid U.K. inflation figures.

This morning, housing starts fell 2.6% in April following a 6.6% decrease the month prior, pulling the annual pace down from 1,203k to 1,172k, a five-month low. Single family starts rose 0.4%, and multi-family starts decreased 9.2% in April.


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