These Assets Would Benefit From a Weaker Dollar
- Foreign buyers drawn to U.S. denominated assets amid slump
- Oil, gold moving in opposite direction from greenback
This article is for subscribers only.
President Donald Trump likes a weaker dollar, and some corners of the market agree.
Though the greenback’s knee-jerk reaction from Trump’s comments Wednesday has all but been reversed, the U.S. currency appears to be entrenched in a new range amid prospects of delayed policy from Washington and a slower pace of interest-rate hikes. The Bloomberg Dollar Spot Index, slumping 4.5 percent since its January high, headed toward its worst week in nearly a month.