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Dollar, Stocks Drop as Michael Flynn Steps Down

February, 14 2017
watermark Economic news

Japanese stocks dropped and shifted the market’s focus from a global rally after US benchmarks recorded fresh new highs as the dollar weakened as a reaction to the resignation of Trump’s security adviser Michael Flynn. Flynn’s cause for resignation was apparently due to the ex-adviser’s contacts within the Russian government. The dollar extended its losses against other currencies and Japan’s Topix also weakened as the JPY regained its losses.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.