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U.S. dollar falls after Trump remarks

NEW YORK
2017-08-24 08:37

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The U.S. dollar declined against most major currencies on Wednesday as investors were digesting the latest remarks from U.S. President Donald Trump.

Trump said in Arizona on Tuesday that he would be willing to let the government shut down without appropriations for a border wall.

He also expressed doubts whether the U.S. can reach a deal with Canada and Mexico over the North American Free Trade Agreement, adding that the U.S. government will "probably" terminate the trade agreement.

Trump's speech weighed on the market on Wednesday, pushing safe-haven currencies higher.

The dollar index, which measures the greenback against six major peers, was down 0.41 percent at 93.160 in late trading.

In late New York trading, the euro climbed to 1.1810 U.S. dollars from 1.1751 U.S. dollars, and the British pound declined to 1.2800 U.S. dollars from 1.2826 U.S. dollars. The Australian dollar decreased to 0.7900 U.S. dollar from 0.7906 U.S. dollar.

The U.S. dollar bought 109.03 Japanese yen, lower than 109.52 yen of the previous session. The U.S. dollar fell to 0.9655 Swiss franc from 0.9684 Swiss franc, and it edged down to 1.2553 Canadian dollars from 1.2562 Canadian dollars. 
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