- Analytics
- News and Tools
- Market News
- The dollar remains under pressure on the eve of negotiations between the US and China
The dollar remains under pressure on the eve of negotiations between the US and China
The dollar remains under pressure on Wednesday, as US President Donald Trump's comments on monetary policy continue to affect the US currency, and markets are awaiting the results of negotiations between the US and China and the publication of the minutes of the last meeting of the Fed.
Trump said in an interview with Reuters on Monday that he was not "delighted" with the Fed's rate hike, triggering a subsequent decline in the dollar.
Junichi Ishikawa, senior currency strategist at IG Securities in Tokyo, said that the euro "has already regrouped from its recent fall, and Trump's comments have provided an additional incentive for the short positions that will be observed in the market."
A week ago, the euro fell to 13.5 months low due to fears that the financial turmoil in Turkey, reinforced by the fall of the lira to a record low that could damage European banks.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
