The dollar fell during Wednesday session and is awaiting the Brexit developments
2019-03-13 12:10 pm | Resource: NEWS | No Views : 40
The dollar fell against major currencies during European trading on Wednesday as traders awaited the latest UK exit from the UK as well as US policy developments.
European wrath of the Brexit developments
A report of an outbreak of "anger" among EU envoys over the UK's plans for a lack of agreement as there was "outrage" about Britain's exit plans from the UK without an agreement among ambassadors at an EU meeting on Wednesday, according to a report by BuzzFeed News. The report added that much of the meeting was devoted to the extension of Article 50.
The envoys of London's Northern Ireland plans were reportedly dismayed by the deletion of references to the single market. According to the report, "this will require inspections and ultimately lead to violence." Earlier in the day, EU chief negotiator Michel Barnier warned that "the risk of Britain leaving the uncontrolled EU has never been "He said.
Bill against the emergency declaration of Trump
At the US level, a group of Republican senators introduced a bill to make it easier for Congress to end any national emergency announcements in the future, ahead of a vote on US President Donald Trump's announcement.
"If Congress is concerned about the recent emergency announcements issued under the National Emergency Law, it will only be held accountable," he said. "We gave Congress these legislative powers in 1976, and it was too long before we were restored as an institution. King, we need to begin to restore the legislative powers that allow him to do so. "
Under the legislation, Congress will have to issue a decision to extend the declaration of emergency after 30 days. If the resolution is not passed, the ad will end. At the moment, Congress is expected to pass a resolution against the Trump emergency declaration in order to secure the necessary funds for its border wall, but the president warned that he would use the veto immediately and end it.
Trump thanks Pelosi for opposing his isolation
US President Donald Trump on Wednesday thanked House Speaker Nancy Pelosi for his removal from his isolation in an interview with The Washington Post published on Monday. The president went on to say that he did not make a "mistake" while he was "the most successful two years in office [in history]."
Pelosi said she would oppose starting Trump's prosecution because such a proposal would divide the country and would not be "worth it." She added that Trump was "morally incompetent, intellectually inappropriate, and unsuitable for curiosity" to be president of the United States.
The dollar traded against major currencies
- The euro was up against the dollar by 0.07% and the EURUSD is trading at 1.1296.
- The greenback was also lower against the pound at 0.67%, with GBP / USD trading at 1.3163.
- The Dollar rose against the Yen by 0.02% and the USDJPY traded at 111.38.
- The US dollar was flat against the Canadian counterpart, trading at 1.3353.
- The US Dollar was up against the Australian Dollar, with 0.24% to trade at 0.7061.
- Against the New Zealand Dollar, the greenback was up 0.27% with NZD trading at 0.6841.
Time frame Used - four hours The USDJPY is moving in a sideway direction in the near term. the USD/JPY was able to hold steady at 111.12 to rebound slightly to 111.90 as it faces some selling pressure around this level , but it is still above the Bollinger’s moving average line. In view of the technical indicators Both the RSI and Stochastic are indicators to weakness of the indicators.…
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