Currencies
Dollar’s Biggest Jump This Month Sends Global Currencies Sliding
- Japan’s yen, euro and other G-10 peers weaken on Thursday
- Traders reassess after Trump said strong dollar was ‘burden’
The Bloomberg Dollar Spot Index climbed as much as 0.5% on Thursday.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
The dollar is surging by the most this month as traders reconsider the effect of Donald Trump’s potential return to the White House.
The Bloomberg Dollar Spot Index climbed as much as 0.5% on Thursday, the most since early June — putting the gauge on course for its first weekly gain in three. That came after Trump said in an interview that a strong dollar, compared to weaker foreign currencies, is “a tremendous burden” for the US economy.