Dollar is at bottom

Dollar Hits New Low After Mnuchin Says Weakness Aids Trade:

The U.S. dollar hit another three-year low against a basket of leading global currencies, a continuing rout that accelerated Wednesday after U.S. Treasury Secretary Steven Mnuchin said a weaker dollar was good for trade.

The ICE U.S. Dollar Index, which measures the dollar against other currencies, fell below 90 for the first time since December 2014. The dollar’s decline means that more than half of the dollar’s 30% gain during its bull run between 2014 and the end of 2016 has been erased.