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World|business|March 28, 2017 / 05:41 PM
Dollar off lows as markets move past Trump's policy stumble

AKIPRESS.COM - Stocks recovered while the dollar rose off four-month lows on Tuesday as anxiety over Donald Trump's setback on healthcare reform gave way to tentative hopes for the U.S. president's planned stimulus policies.

Hopes that the Trump administration will now prioritize tax reforms coupled with still-robust economic data and corporate earnings forecasts spurred some investors to look past creeping doubts about Trump’s ability to deliver on campaign promises.

Europe's STOXX 600 rose 0.4 percent helped by financials and pharmaceutical stocks, Reuters reported.

The dollar index against a basket of major currencies edged up 0.1 percent to 99.252 .DXY, after plumbing a trough of 98.858 overnight, its lowest level since Nov. 11.

U.S. stock futures ESc1 were up 0.1 percent.

The dollar steadied after its worst week since Trump’s election after talk of more rises in Federal Reserve interest rates this year.

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