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Forex markets mixed after President-elect's presser

Published 01/12/2017, 03:58 PM
Updated 01/12/2017, 04:12 PM
Dollar, gold, silver slip.

Investing.com - Forex markets were mixed on Thursday, as investors sought signals that would provide clarity on President-elect Donald Trump's fiscal policy, including details on proposed tax cuts and infrastructure spending.

The euro/dollar pairing was up today at 1.0621, up 0.39%.

The dollar/yen pair was down to 114.56, a decline of 0.72%.

The pound/dollar pairing was also down to 1.2173, a slip of 0.35%.

The price of gold also slipped to $1195.60, down 0.08%.

Silver prices also declined too to $16.80, down 0.17%.

Forex markets were also reeling from the downturn in the Mexican market, as the peso yesterday went to record lows, on growing concerns over President-elect Trump's now confirmed plans to build a wall to protect the U.S. from the influx of illegal aliens from Mexico, as well as to renegotiate NAFTA, and ensure more manufacturing jobs stay in the U.S., rather than flee overseas.

The Mexican peso was trading at 21.8009 to the U.S. dollar.

"Mexico has taken advantage of the United States," said Trump, during his presser at Trump Tower in Manhattan. "It's not going to happen anymore."

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