U.S. yields, dollar fall; Trump offers little policy detail



U.S. Treasuries rallied across the board on Wednesday, while the dollar fell to one-month lows after President-elect Donald Trump, in a widely-awaited press briefing, failed to provide clarity on future fiscal policies.
U.S. stocks also weakened initially after Trump took aim at the pharmaceutical industry for charging high prices. He said pharmaceutical companies are "getting away with murder."
"The market was disappointed by Trump's lack of specificity and details on his fiscal spending plans," said Kathy Lien, managing director at BK Asset Management in New York.... read more

 
11 January 2017 in World News, Views: 46
Source: Reuters
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