Trump has given the markets plenty to worry about. He’s announced that he wants the US to withdraw from the Trans-Pacific Partnership (TPP), a trade deal which covers 40% of the world’s economy, and he’s already targeted ObamaCare.
Data-wise, this week will be fairly quiet, until Friday when the Gross Domestic Product figures for the fourth quarter will be released. Forecasters expect a 2.2% advance for the fourth quarter, down from the 3.5% in the third quarter.
Overall, this suggests that the US economy grew by 1.6% in 2016, which is down from the 2.6% in 2015. This could further weaken the dollar.
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