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via fxstreet.comEconomy

Forex Today: US Dollar weakens on Trump comments and crude oil pullback

FROM THE WIRE · FXSTREET.COM

A sudden bout of selling pressure has weighed on the US Dollar (USD) on Thursday, motivating it to abandon the area of recent tops, all in response to comments from President Donald Trump and the subsequent pullback in crude Oil prices.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishDollar weakness driven by political comments and energy price moves affects currency flows and risk sentiment.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01US Dollar abandoned recent highs amid sudden selling pressure on Thursday.
  2. 02President Trump's comments contributed to the currency decline.
  3. 03Pullback in crude oil prices weighed on the dollar's performance.

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