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Dollar price fluctuated during the close of weekly trading

2019-06-21 11:51 am | Resource: News | No Views : 160

Dollar price fluctuated during the close of weekly trading

The US dollar was mixed across the board on Friday as the trader eyed developments in Iran-US relations as investor fears increased as reports emerged that President Donald Trump had allowed an attack on Tehran in response to Iran. Downing a US drone. However, Trump suddenly decided against the attack and Iranian officials claimed he had offered urgent talks.

Member of the Federal Reserve Pollard should cut interest rates

St. Louis Federal Reserve Chairman James Pollard said on Friday he disagreed with the FOMC decision earlier this week to keep interest rates steady at 2.25% to 2.50%. "The most appropriate course of action" was to reduce the target range by 25 basis points to 2 percent to 2.25 percent, Pollard said in a statement.

The official stressed that the measures of inflation in personal consumption expenditures are currently about 40-50 basis points below the target of the Federal Reserve is set at 2%. He added that inflation expectations, which are based on market measures, "have been significantly weakened", which could lead to lower inflation rate than the target price of the Federal Reserve.

"In the light of these developments, I think reducing the target range of federal funds at this time will provide insurance against further declines in expected inflation and a slowing economy under downside risk," Pollard said in the statement.

Wall Street is down slightly as relations between the United States and Iran worsen

Wall Street's main stock indexes were slightly lower on Friday after the S & P 500 ended the all-time high in the previous session,
  • The Dow was flat as it fell 0.02% at 11:34 CET
  •  The Nasdaq 100 fell 0.18% at 11:35 am CET.
  • The S & P 500 lost 0.08% at the same time.

US Dollar Trading
  • After trading early in the session against the yen as a safe haven, the dollar rose 0.10% against the Japanese currency to 107.4075 at 11:36 CET.
  • The euro was up 0.12% against the US dollar at 1.12061 at 11:36 CET.
  • The pound was down 0.17% against the dollar to trade at 1.26829 at 11:37 CET. .

Other analysis

Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

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