The Dollar Isn’t So Green

The dollar continues to dive amid White House turmoil


Anthony Scaramucci’s sudden departure as the White House Communications Director on Monday marked the latest departure in an eight month-long game of musical chairs at 1600 Pennsylvania Avenue. At least 10 other high-profile people have either fired, left, or resigned within President Donald Trump’s first 193 days in office.

The euro leaped to a 2.5 year high of 1.1846 against the U.S. dollar in overnight trading before easing modestly in European dealing as the greenback’s slumped extended in the wake of President Donald Trump’s decision to fire his communications director, Anthony Scaramucci, after only ten days in the White House. The dollar index, which measures the greenback’s strength against a basket of six global currencies, traded at a 13-month low of 97.78 in Asia as investors trimmed bets on faster rate hikes from the U.S. Federal Reserve.

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