e US dollar's having some rough days. The world's go-to currency suffering the biggest quarterly drop in nearly seven years. I'm Conway Gittens in New York. It seems like some of the world's central banks are happy about the direction of their economies, and so they are prepping for tighter monetary policies.
But a string of weak economic data here in the US calling into question the Feds plans to hike interest rates at least one more time this year and three times next year. Wranglings in Washington, also a dollar negative, the fight over healthcare, slowing down President Trump's push to cut taxes and light a fire under the economy, things investors already factored into a surge in the dollars since the election.
But next week could bring a bounce to the dollar, if a surge in the monthly jobs report is strong enough to quiet down some of the worries that instead of heating up, this economy is stalling.