{"id":4942,"date":"2018-02-19T16:03:51","date_gmt":"2018-02-19T16:03:51","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=4942"},"modified":"2018-02-19T16:05:22","modified_gmt":"2018-02-19T16:05:22","slug":"the-us-dollar-starts-to-limp-back-from-a-three-year-low","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/the-us-dollar-starts-to-limp-back-from-a-three-year-low\/","title":{"rendered":"The US Dollar Starts to Limp Back from a 3 Year Low"},"content":{"rendered":"

\"\"The last several months has not been good for the United States dollar. It has been broadly weakened by a number of headlines which include still tepid inflation, lack of fiscal policy direction from the current presidential administration, the slowness for the House and Senate Republicans (GOP) to pass tax reform and unclear directional signals for interest rates hikes from the Federal Reserve Board<\/strong>.<\/p>\n

Over the past week, the dollar has inched higher from a three year low in the U.S. dollar index<\/a>, which measures the almighty buck against a basket of six currencies. This happened on Friday as the dollar was headed for its largest weekly loss in nice months. There is a great deal of negative sentiment which is negating the support the dollar would normally get from higher Treasury yields.<\/p>\n

The U.S. dollar has been pressured this year by a number of factors, mentioned above, including Washington\u2019s seemingly pursuit of a weaker currency. Remarks by Treasury Secretary Steve Mnuchin<\/strong> have also added to traders\u2019 worries. \u00a0These remarks are taken as a perceived erosion of the dollar\u2019s yield advantage in the currency markets. Especially as other countries start to wind down their own easy monetary policies.<\/p>\n

Bloomberg Politics<\/strong><\/p>\n