TRUMP: The strong dollar is 'killing us'

Business Insider

Published Jan 17, 2017 08:04AM ET

Updated Jan 17, 2017 09:58AM ET

The dollar is tumbling.

The US dollar index was down by 1% at 100.51 as of 7:44 a.m. ET.

The index's drop follows two comments from President-elect Donald Trump in an showed consumer prices in the UK rose 1.6% in December, up from November's 1.2% print.

  • The euro is higher by 0.8% at 1.0688 against the dollar. The latest reading for the German ZEW Economic Sentiment came in at 16.6 for January, below expectations of 18.3 but above the prior reading of 13.8.
  • The Russian ruble is stronger by 1.1% at 59.1753 per dollar, while Brent crude oil, the international benchmark, is up by 1.2% at $56.53 a barrel.
  • The Japanese yen is up 0.6% at 113.55 per dollar.
  • The Mexican peso is stronger by 0.7% at 21.5846 per dollar.
    • Get The News You Want
    Read market moving news with a personalized feed of stocks you care about.
    Get The App

    Written By: Business Insider

    Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
    Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
    Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
    It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
    Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
    Sign out
    Are you sure you want to sign out?
    NoYes
    CancelYes
    Saving Changes