US dollar drops on Trump’s ouster of Sec. Tillerson

Saul Loeb | AFP | Getty Images

President Donald Trump speaks alongside Secretary of State Rex Tillerson (L) during a Cabinet Meeting in the Cabinet Room at the White House in Washington, DC, December 20, 2017.

President Donald Trump’s decision to replace Secretary of State Rex Tillerson with CIA Director Mike Pompeo is moving financial markets, with the biggest reverberation in the currency markets.

The United States Dollar Index, which measures the greenback vs. a basket of other currencies, fell immediately after the report.

The Washington Post first reported the news, which the president quickly confirmed in a tweet.

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