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Dollar Weakens Ahead of Trump’s Press Conference

First press conference jitters overtook investors amid tomorrow’s first Q&A meeting since the election.

The Dollar stalled in its impressive bullish run since election night as the markets look for hints of insight regarding upcoming legislative policies.

Trump’s pending media appearance, combined with a speech from Fed Reserve Chair, Janet Yellen triggered the greenback to fall as some investors point to a possible market correction.

Trump’s economic promises on the campaign trail fueled a massive post-election market rally, shattering all-time highs across a number of indexes as investors bet on escalated inflation rates from infrastructure investments to boost the economy. However, investors appeared to cash out ahead of any news tomorrow that could rattle the markets, such as aggressive stances on long-term international trade policies & alliances.

The above chart, created for free using the award winning NinjaTrader Platform, shows the Dollar Index (DX), which measures the U.S. Dollar against 6 major currencies, has rallied 4% since the election. Utilizing NinjaTrader’s Ruler Drawing Tool, once can easily measure key metrics for any chartable instrument.

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