Bad signs for the top economy

Bad signs for the top economy

The dollar has fallen from a two-year high amid trade tensions with China.

A drop in the value of the dollar from a two-year high Friday following a decrease in orders for US-made capital goods represents further evidence that manufacturing and the broader US economy are slowing, in large part due to the US-China trade dispute.

The weaker-than-expected data added to a fall which began Thursday following a report that showed manufacturing activity hit its lowest level in almost a decade in May.

The reports suggest that a sharp slowdown in US economic growth is underway, which could affect the dollar’s safe-haven status.

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2019-07-30T17:20:47+00:00

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Paul Imison
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