|Investors were optimistic late last year that the DJT administration could cut taxes, pass an infrastructure bill and clear out financial regulations. But they're losing confidence.|
What else is hurting the dollar's value:
1) Dimming hopes of another rate hike this year at the Federal Reserve
2) Europe's economy is picking up momentum after years of playing catch up to the U.S. economy
3) European political risks, such as the French election and the Brexit vote, are now in the rear view mirror, boosting the euro and the British pound against the dollar. A litany of other factors influence the dollar's value too.