***Dollar slips on concerns Russia probe is moving closer to Trump***

[MelissaB]

Dollar slips on concerns Russia probe is moving closer to Trump

The U.S. dollar dropped Friday on jitters over a report that U.S. special counsel Robert Mueller’s probe into Russian election interference has made its first official order for information connected to President Donald Trump’s campaign.

That drop for the greenback reversed some of the gains the currency logged Thursday after the House voted in favor of the Republican-led U.S. tax overhaul.

... snip

What’s moving the market?

The fresh bout of dollar weakness followed a report by The Wall Street Journal Thursday that special counsel Robert Mueller’s team had issued a subpoena to President Donald Trump’s campaign in mid-October.

Mueller, who is investigating whether Trump associates colluded with Russian efforts to meddle in the presidential election, requested Russia-related documents from more than a dozen top officials, the report said.

More: https://www.marketwatch.com/story/dollar-slips-on-concerns-russia-probe-is-moving-closer-to-trump-2017-11-17?mod=mw_share_twitter

I didn't see this coming so soon.

[saidsimplesimon]

1. Melissa

What havoc will rump's pick for leader of the Fed have on the fragile retirement investments in the market? In my dreams, I foresee another Greenspan moment of those claiming "they did not predict the pervasive greed that would lead to a market collapse". I hope it is just another nightmare not reality. imo

[MelissaB]

3. I don't have a clue. I hope somebody more knowledgeable can weigh in.

[triron]

2. Hmmm, someone in the marketplace is concerned?

What economic factors drive this?

[Hamlette]

7. The stock market is responding to anticipated corp. tax cuts.

Which goes to show you that investors (stock holders) will get the savings, not workers. Everyone is pouring money into the market right now in anticipation to the tax cut going to dividends.

BTW, 401k accounts are for us rubes as evidenced by the fact that we don't get the capital gains rate on our investment like the rich do.

it is still a great way to save money if you have no discipline like me.

[NightWatcher]

4. Sweet! I can't wait till the stock market shows this concern as well.

I don't want any of my DU brothers and sisters to lose value and I'm sure that it will rebound after he's removed, but once externalities like the markets show concern and want him out, he's gone.

[Grammy23]

6. My husbands 401 K has rebounded nicely since the collapse some years ago.

But it has taken all of the Obama years (8) through the present. For geezers like us, I am not sure we can take another hit and then wait for the recovery. It is nerve racking to have to hope that things stabilize and some of us little guys don’t have our financial future destroyed. Some of tRump’s most ardent supporters will get swept up in the debacle if the collapse happens. Wonder what they will think of their man then?

[Gothmog]

5. There are good reasons why the markets need to be worried about this