Political Instability Is Another Strike Against The Dollar

There are plenty of reasons to bet against the US dollar right now. Add the riots at the Capitol last week to the list. What’s happening: Political instability often weighs on currencies around the world, and the violence incited by President Donald Trump is unlikely to bolster confidence in the U.S. dollar at a moment of weakness. Currency markets largely looked beyond last week’s chaos, according to TD Securities strategist Ned Rumpeltin. “In some ways that resilience is encouraging,” he told me. “We can’t necessarily take that for granted, however.” Read more at CNN Business.