The dollar fell on Thursday, sliding to a six-month low against the yen, after the U.S. Federal Reserve signaled it was ready to lower interest rates to combat growing domestic and global risks.
The US Federal Reserve has cut interest rates twice in the last decade, both coming in the last seven weeks. Yet for Donald Trump and some dissenting voices, it's nowhere near enough.
The US has removed tariffs on over 400 Chinese goods after American firms complained that the levies would cause economic hardship. But trade talks between the world's top two economies remain on a delicate footing.
Outgoing ECB President Mario Draghi has achieved his goal of further cuts to interest rates and the renewal of bond buying for the euro area. But some policymakers are skeptical that the move was necessary.
Donald Trump is pressuring the Fed to stave off a sharp economic downturn as he seeks reelection in 2020. The feelgood effects of his $1.5 billion program of tax cuts are due to run out soon, so what can he do?
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