Dollar Tumbles On Report Trump Studying Ways To ‘Penalize Currency Manipulators’
A man holds a newspaper as he looks at an electronic board displaying stock prices at a brokerage house in Beijing, China, Dec. 5, 2016. (AP/Andy Wong)
Moments ago, all three main US FX pairs, the yen, euro and yuan snapped higher, following a CNBC report according to which the Trump administration is studying ways to penalize countries whose currencies it believes are undervalued. CNBC cited two unidentified people with direct knowledge of the review who work within the administration.
