Dollar discount before trade talks between Trump and Juncker
Today, the dollar decreases due to investors waiting meetings between the United States and the European Union in the context of rising trade tensions in the global economy.
US Dollar Index, the index measures the strength of the dollar compared to a basket of six major currencies, which fell 0.11% to 94.30 at 03:38 AM ET (07:38 GMT).
US President Donald Trump will meet the chairman of the European Commission Jean-Claude Juncker at the White House for trade negotiations at the end of today, the content of talks focuses on the automotive industry. Trump has been taxing the tariffs on U.S. steel and aluminium imports from the EU and threatened to impose an import tax of 50 billion from the block, which would promote retaliation from Brussels. The euro is almost unchanged, the EUR/USD transaction rate is at 1.1693 in the Rangebound transaction. Investors are also waiting for a policy meeting of the European Central Bank on Thursday to have new guidelines on monetary policy. At ECB's 6-month meeting, ECB pointed out that interest would remain in the middle of the year 2019 and also announced plans to promote the enormous economic stimulus program in Dec. The dollar grew above the yen, the USD/JPY final at 111,25. The Japanese currency found support earlier in the following week reports that the Japanese bank is actively discussing changes to the bank's huge monetary stimulus program. BoJ will hold the next policy meeting at the end of the month. The pound rises above the rate of GBP/USD at 1.3153. Meanwhile, the Australian dollar decreases, the AUD/USD rate fell 0.3% to 0.7403 after inflation data published at a low level indicates that the country's central bank is likely to hold interest for longer periods. The dollar fell against the Chinese yuan, but remained at a height of nearly 13 months in the context of constant concern about trade tensions. This coin is often Strictly controlled by Beijing, at the level of 6.7945 in offshore trading.
US Dollar Index, the index measures the strength of the dollar compared to a basket of six major currencies, which fell 0.11% to 94.30 at 03:38 AM ET (07:38 GMT).
US President Donald Trump will meet the chairman of the European Commission Jean-Claude Juncker at the White House for trade negotiations at the end of today, the content of talks focuses on the automotive industry. Trump has been taxing the tariffs on U.S. steel and aluminium imports from the EU and threatened to impose an import tax of 50 billion from the block, which would promote retaliation from Brussels. The euro is almost unchanged, the EUR/USD transaction rate is at 1.1693 in the Rangebound transaction. Investors are also waiting for a policy meeting of the European Central Bank on Thursday to have new guidelines on monetary policy. At ECB's 6-month meeting, ECB pointed out that interest would remain in the middle of the year 2019 and also announced plans to promote the enormous economic stimulus program in Dec. The dollar grew above the yen, the USD/JPY final at 111,25. The Japanese currency found support earlier in the following week reports that the Japanese bank is actively discussing changes to the bank's huge monetary stimulus program. BoJ will hold the next policy meeting at the end of the month. The pound rises above the rate of GBP/USD at 1.3153. Meanwhile, the Australian dollar decreases, the AUD/USD rate fell 0.3% to 0.7403 after inflation data published at a low level indicates that the country's central bank is likely to hold interest for longer periods. The dollar fell against the Chinese yuan, but remained at a height of nearly 13 months in the context of constant concern about trade tensions. This coin is often Strictly controlled by Beijing, at the level of 6.7945 in offshore trading.
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