International: Dollar weakness

Hurricane Irma that is devastating parts of Florida shortly after the weather disaster that inundated Houston is only one of the many calamities that have hit the United States since early 2017. With a President under fire from all sides, the dollar sliding and geopolitical conflicts on the rise, the situation has continuously deteriorated since the beginning of the year. While the stock markets are still holding ground, the U.S. dollar, however, sends a strong signal. Since January 1, 2017, the dollar has been down by over ten per cent. Since the beginning of 2017, the official currency index fell from 101 to 91 reaching its lowest level since January 2015. Financial markets wake up to the possibility that the American currency may no longer be a safe haven. Only the lack of an attractive alternative has held the dollar relatively steady over the past decade.
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