Will US' Unbalanced Trade Doom the Dollar?

Concerns that the American trade deficit will drag down the greenback are overdone

The Trump administration and Wall Street haven't exactly seen eye to eye, but they are starting to agree on one thing: America's trade deficits are a problem and the dollar might not stabilize until imports and exports realign.

But in reality, it is more likely that the currency's fate depends on the success of the "Magnificent Seven" stocks.

In April, the trade deficit halved, official data showed last Thursday. This was largely because companies had stocked up in March ahead...

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