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Dollar is retreating and Trump commenting on decline Chinese growth

2019-07-15 12:36 pm | Resource: News | No Views : 39

Dollar is retreating and Trump commenting on decline Chinese growth

The US dollar fell against most of its major counterparts in early European trade on Monday, tempered by persistent expectations that the Federal Reserve will start cutting interest rates later this month after cautious remarks by Federal Reserve Chairman Jerome Powell last week.

Trump: Chinese growth falls to a low level because of US tariffs

US President Donald Trump said in a tweet on Monday that tariffs introduced by the United States affect China's growth.

"China's growth in the second quarter is the slowest it has been in more than 27 years," Trump wrote in successive tweets: "The US tariff has a big impact on companies wanting to leave China for non-tariff countries. China wants to make a deal with the United States, and hopes that it has not broken the original deal in the first place, and at the same time, we receive billions of dollars in tariff from China, with perhaps more in the future. Pumping, not by taxpayers in the United States E! "

Earlier in the day, China's National Bureau of Statistics announced that China's GDP rose 6.2% in the second quarter, signaling the slowest growth in the country since records began 27 years ago.

The dollar's trading against the major currencies declined
 
  • The dollar fell to 0.9828 against the franc, its lowest level since July 1. USD finds support around the 0.96 area.
  •  The greenback fell to a four-day low of 1.1284 against the euro
  • The dollar fell to 107.86 against the yen, on its way to breach the session low of 107.80
  •  The dollar fell to 0.6726 against the New Zealand dollar for the first time since July 1.
  • The dollar trimmed gains to 1.3021 against the Canadian dollar, from a high of 1.3043
  • The dollar was steady against the Australian dollar after falling to a two-week low of 0.7035
  •  The dollar rose to 1.2547 against the pound, after falling to 1.2578


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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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