The Wall Street Ended Lower, With Financials Lagging

The Wall Street ended lower, with financial lagging as well as Trump’s views on dollar being too strong. The developments also pushed up bond yields as investors looked for safe havens. The dollar fell to a four-week low, moving lower against all group of 10 currencies with sterling leading the charge. Oil prices edged higher, propped up by a decline in the US dollar and comments by Saudi Arabia that it would adhere to OPEC’s commitment to cut output.

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