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Dollar Falls After Trump Disagrees with Fed Policy

The dollar slipped slightly and Treasury yields edged lower after President Donald Trump said he disagreed with Fed policy on interest rates and objected to a strong dollar.

The dollar index was at a fresh one-year high earlier Thursday, trading as high as 95.65. Trump made the comment to CNBC’s Joe Kernen in an interview Thursday, a portion of which was broadcast.

The dollar has been rising this week following comments from Fed Chairman Jerome Powell that the economy was strong and the Fed would keep raising rates.

via CNBC

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