Dollar struggles to recover from losses after Trump comments
Market Intelligence Analysis
AI-PoweredThe US dollar continues to struggle after Donald Trump's comments on its decline, while Asian equity markets perform well, driven by tech firms and a record high in the S&P 500.
Market impact analysis based on bearish sentiment with 80% confidence.
Article Context
The dollar struggled to bounce back Wednesday following another selloff fuelled by Donald Trump's suggestion he was happy with the currency's recent decline, while tech firms helped most Asian equity markets extend their rally.Still, equity markets performed well in Asia after the S&P 500 clocked another record high in New York thanks to a surge in tech titans including Apple, Microsoft and Amazon.
Analysis and insights provided by AnalystMarkets AI.