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Trump's mess is dragging dollar down

His administration's failure to get things done is draining traders' confidence and bringing out the bears.

New York

PRESIDENT Donald Trump loves to trumpet the record run in US stocks.

"Stock market hits another high with spirit and enthusiasm so positive," he tweeted on July 12, in one of nine posts about the market this month. (He was at it again on July 31, exclaiming "Highest Stock Market EVER" in a morning tweet.)

But he's hardly tweeted a word about another, less rosy measure of Trump's America: the US dollar. The greenback has fallen hard on his watch and currency traders are now betting on even more declines.

Is Trump necessarily "bad" for the dollar, that global symbol of US economic might? Probably no more than he is "good" for stocks. And you can argue much of the dollar's slide - now the longest...

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