4 May 2024
Pricewatch – Commodities exposed to Trump-FBI US dollar wobble
Publication date: 18 May 2017
Gas Strategies Group
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ISSN: 0964-8496
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The US dollar has fallen to a six-month low against a basket of major international currencies including the euro and British pound as reports of US president Trump’s alleged dealings with the FBI have prompted speculation over possible future impeachment proceedings.
A weaker dollar limits the purchasing power of US consumers, but can give exporters a competitive edge in foreign markets. It can also prove a boon for those in other parts of the world that buy commodities priced in USD such as Brent crude.