Daily News | Mueller report affecting the dollar

We will be concluding this week of market analyses with a closer look at the situation in the United States. The first piece of news concerns the effect of the Mueller report in which special prosecutor Robert Mueller subpoenaed more than ten people from President Trump’s staff. This caused the USD to drop by 0.4 percent to its lowest level in approximately one month. The greenback hit 112.57 yen, which is a 0.9 percent loss this week. Given that the Mueller report could continue wreak havoc on the current administration, we could very well be heading for more financial turmoil in the weeks to come.
As for the president himself, he concluded his 12-day trip to Asia and returned to the White House. According to the US ambassador to Japan, he discussed a free trade agreement with that country’s Prime Minister Shinzo Abe. However, the Japanese side denies that and claims that no such talks took place. If the US side turns out to be incorrect, it could push Japan even further apart after the latter country dropped out of talks concerning the TPP. Japan is pushing for a modified version of the pact and has so far shown no interest in pursuing a free trade agreement.

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