Dollar falls as investors eye Donald Trump's protectionist plan

The dollar slid and gold rose as US president Donald Trump yesterday outlined plans for a more protectionist regime to encourage US multinationals to invest less overseas and create more jobs in the US.

Targeting US companies with special punitive taxes and his plans, if implemented to cut corporate taxes in the US, would likely lower the amount of worldwide investments that would in time flow into Ireland, analysts have said.

After meeting with a group of CEOs of manufacturing giants, including Ford and Whirlpool, and Michael Dell, the dollar fell against the euro to $1.0733.