President Trump wants to go down in history for de-arming North Korea’s nuclear weapons and brokering a peace agreement between the North and South. Meanwhile, Kim Jong Un has more short-term targets – sanctions relief and economic solvency. We analyze the potential business impact of the much-anticipated summit meeting.
The dollar is mixed against majors after the inauguration of President Trump. The markets did not get enough information on Friday to support the dollar as the tangible pro-growth agenda items were missing from the event. Trump’s speech was delivered in his combative style and he made a pledge to put America first. The protectionist message did not resonate with markets as the dollar and stocks fell.