Treading carefully: The effect of the US Treasury’s slip on the dollar
Ever since Donald Trump has been elected, things have nothing been short of a roller coaster ride. His bold proclamations and controversial political moves have everyone flustered in the United States. As a matter of fact, it’s just not America, but the entire world is on edge. Uncertainty is certainly looming. Looking at the Forex trading data in November of last year, there were consecutive days wherein the US dollar continually trickled down. This could only be attributed to the inauguration of Trump. Since then, the dollar was able to recover. However, very recently, the currency started to experience a downturn once more, mainly propelled by the president’s comment on the currency that otherwise was “getting too strong.” Image source: qasioun.net Immediately after Janet Yellen, the Federal Reserve Chair, released a remark suggesting that the federal government is ready to increase interest rates at a faster pace, doubt was planted in the minds of investors leading