Growing economic, political, and social uncertainty in Europe and the non-core economies will maintain flight of safety capital flows to the US. These drivers will support the dollar and US private assets despite on going consolidation or corrective phase since early March. The majority's focus on the short-term means few will be prepared when the cycle shifts in the second half of 2017.
Headline: GLOBAL MARKETS-Concerns over Trump dent stocks, dollar
LONDON, May 17 (Reuters) - Concern that U.S. President Donald Trump's reform agenda could be slowed down, and that Trump himself could even face the threat of impeachment, added to disappointing U.S. economic data on Wednesday to hit the dollar and spur a pullback from richly valued stocks.
Reports that Trump asked then-FBI Director James Comey to end a probe into his former national security adviser have raised questions over whether obstruction of justice charges could be laid against the president.
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