XE Market Analysis: Trump-Care Setback Hammers Dollar

OVERVIEW The US Dollar has slumped to a four-month low against a basket of currencies.  Sterling is strong ahead of Wednesday’s triggering of Article 50. Commodity linked currencies stumble in risk-off trade.  HIGHLIGHT The week starts with risk aversion due to two events: firstly, Trump’s healthcare reform act failed to be passed in Congress and secondly, the triggering of Article 50 scheduled for Wednesday, which means Brexit will become a reality.

Source: XE news feed
XE Market Analysis: Trump-Care Setback Hammers Dollar