Trump's comment causes the dollar to decline; Rising yen
Today, the dollar fell following the comment of U.S. President Donald Trump on the interest and strength of currency, while the yen raises prices after reporting that the central Bank of Japan is debating measures to alleviate the stimulus program Economic.
U.S. Dollar Index, the index of the dollar's strength in comparison with a six-dollar main currency, fell 0.18% to 94.09 at 03:48 AM ET (07:48 AM GMT), the highest level slide in a year is 95.44-this level is reached on Thursday. The dollar was under pressure after Trump released an assault on the Federal Reserve on Thursday, claiming that the plan for raising interest rates had the risk of weakening his efforts in strengthening the economy. Trump has opposed his criticism of the Fed on Friday, giving up Twitter the comment that more closely monetary policy has influenced the United States through making the dollar stronger. He also accused China and the European Union on the handling of currencies and interest rates which he claimed to have put America in the unfavorable world. The dollar index has dropped 0.77% on Friday, the percentage drop in the largest day for three weeks, enough to turn the index off sharply during the month. The dollar dropped to the lowest in two weeks compared to the yen, the USD/JPY rate fell 0.47% to 110.95. The dollar has now decreased by about 2% compared to the Japanese currency since reaching the highest of six months as 113.16 last Thursday. The yen was promoted after Reuters and other carriers reported that the Japanese bank was actively discussing changes to its enormous monetary stimulus program. BoJ will hold the next policy meeting at the end of the month. The Euro rises against the dollar, the EUR/USD increases by 0.14% for trading at 1.1735. The British pound also touches a higher level, the GBP/USD rate increased by 0.17% to 1.3151. Investors are continuing to track in the growing global trade conflict after Trump said Friday that he is preparing the tariff for all China imports to the United States , worth about 500 billion per year. The United States and China have imposed tariffs on the imports of $34 billion worth of each other. Meanwhile, the finance ministers and central bank leaders from the G20 countries have urged more dialogue to prevent commercial and geopolitical tensions from hurting the growth at a meeting last week in Buenos Aires.
U.S. Dollar Index, the index of the dollar's strength in comparison with a six-dollar main currency, fell 0.18% to 94.09 at 03:48 AM ET (07:48 AM GMT), the highest level slide in a year is 95.44-this level is reached on Thursday. The dollar was under pressure after Trump released an assault on the Federal Reserve on Thursday, claiming that the plan for raising interest rates had the risk of weakening his efforts in strengthening the economy. Trump has opposed his criticism of the Fed on Friday, giving up Twitter the comment that more closely monetary policy has influenced the United States through making the dollar stronger. He also accused China and the European Union on the handling of currencies and interest rates which he claimed to have put America in the unfavorable world. The dollar index has dropped 0.77% on Friday, the percentage drop in the largest day for three weeks, enough to turn the index off sharply during the month. The dollar dropped to the lowest in two weeks compared to the yen, the USD/JPY rate fell 0.47% to 110.95. The dollar has now decreased by about 2% compared to the Japanese currency since reaching the highest of six months as 113.16 last Thursday. The yen was promoted after Reuters and other carriers reported that the Japanese bank was actively discussing changes to its enormous monetary stimulus program. BoJ will hold the next policy meeting at the end of the month. The Euro rises against the dollar, the EUR/USD increases by 0.14% for trading at 1.1735. The British pound also touches a higher level, the GBP/USD rate increased by 0.17% to 1.3151. Investors are continuing to track in the growing global trade conflict after Trump said Friday that he is preparing the tariff for all China imports to the United States , worth about 500 billion per year. The United States and China have imposed tariffs on the imports of $34 billion worth of each other. Meanwhile, the finance ministers and central bank leaders from the G20 countries have urged more dialogue to prevent commercial and geopolitical tensions from hurting the growth at a meeting last week in Buenos Aires.
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