Asian stocks ease, dollar near two-week lows on Trump comments [Reuters]
The Bank of New York Mellon Corporation (BK)
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Source: Reuters
Asian stocks ease, dollar near two-week lows on Trump comments | Reuters 5 Min Read SYDNEY (Reuters) - Asian shares dipped on Monday on fears of more protectionist measures from the United States while the dollar declined against major currencies after U.S. President Donald Trump criticized the Federal Reserve’s tightening policy. Trump, on Friday, lamented the recent strength of the U.S. dollar and accused the European Union and China of manipulating their currencies. The dollar index .DXY is so far up 2.4 percent this year led largely by Fed rate rises, strong macro-economic data and nervousness about a full-blown tariff war. It was last down 0.2 percent at 94.27, the lowest in more than two weeks. Trump’s remarks on Friday, coupled with new threats to slap duties on all U.S. imports from China, triggered sell-offs in Wall Street and European stocks on Friday, despite good corporate earnings. [nL1N1UG076] Asian stocks took Wall Street's cue on Monday with MSCI's broadest index of As
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