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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

USD Plummets, Stocks Rise as Trump Disappoints Market Anew

January, 12 2017
watermark Economic news

The USD weakened dramatically during the previous trading sessions while stocks surged in value following president-elect Donald Trump’s first press conference since last July, wherein he disappointed a lot of market players after he merely talked about his personal interests and business enemies, including his plans to build a Mexican border in the next two years instead of outlining his administration’s economic and fiscal policies for the next four years. Meanwhile, US Treasuries recovered its losses and the Mexican peso dropped further in value following Trump’s statement regarding US business relations with Mexico.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.