The dollar stabilized against major currencies after yesterday gains
2019-02-12 08:44 am | Resource: NEWS | No Views : 78
The dollar was steady during early European trading after the dollar index rose amid a state of uncertainty surrounding the Sino-US trade tensions that have been supported as a safe haven for assets.
The return of the event on the closure of the government
As US President Donald Trump reiterated the government's longest-term closure by saying: "If we do not close down, we can not show the world what's going on in hell with the border." In a march in El Paso, Texas, described illegal immigration as a "tragic human tragedy" and repeated statistics on the amount of crime and drugs crossing the Mexican border.
Trump also denied official data that most migrants and illegal drugs enter the United States through legal entry points. Instead, he said, "they walk where there is no barrier" and reiterated that the border wall is necessary. The president claimed that the former El Paso officials "pulled the wool over everyone's eyes" and appeared to indicate they had reduced the seriousness of the crimes before the fence was built outside the city to make it look like a wall "made no big difference."
In other news, a report said US legislators had reached a tentative agreement to avert a new government closure of the weekend of $ 1.375 billion to build a wall at the southern border, members of the Senate said Monday.
"We have reached an agreement between us in principle on internal security and six other laws," said Sen. Richard Chalby, one of the main Republican negotiators. The agreement includes funding of $ 1,375 billion to build a wall at the border with Mexico, one of the election promises to President Donald Trump, who was asking for $ 5.7 billion for his project, House aides told AFP.
The agreed figure allows for the construction of 55 miles (89 kilometers) of the wall in the Rio Grande Valley area of southern Texas, according to the aides. But the deal still has to be approved by the White House.
Democrats have been in Congress for weeks with Trump over financing the construction of the wall on the southern border. The knot led to the largest government shutdown in US history lasting more than a month and ended on Jan. 25 when Trump signed a law giving lawmakers three weeks to reach an agreement or face government paralysis again.
US Dollar Trading
- The dollar index, which tracks the greenback against the basket of other currencies, has not changed slightly at 96.877.
- The Dollar rose against the EUR by 10% and the EURUSD traded at 1.1265.
- The USD / JPY dropped 0.1% to trade at 6.7862.
- The Australian dollar also rose 0.2% against the US dollar to trade at levels of 0.70808
- After yesterday's strong decline, the GBP / USD pair rose to trade at 1.2863 on Tuesday, up 0.1%.
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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