Rex Tillerson’s Firing Causes Dollar To Wallow – 13 March, 2018

Rex Tillerson’s firing by President Trump caused the dollar to drop against a basket of major currencies. It slipped from a two week high against the yen, down 0.1 percent to 106.490 yen. The pound is up 0.1 percent to $1.3928, close to its two week high of $1.3994, while the pound rose half a percent to $1.3984 and ending the day at $1.3969. The Feds will hold a two day policy meeting starting on March 20 to discuss possible interest rate hikes. The Euro rose 0.45 percent overnight to $1.2394 and remained steady, and the Australian dollar was steady at $0.7860 after hitting a two week high of $0.7898 the day before.