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US dollar rose against the major currencies after Trump comments

2019-07-30 03:04 pm | Resource: News | No Views : 87

US dollar rose against the major currencies after Trump comments

The US dollar rose against other currencies on Tuesday as the Federal Reserve prepares to announce its monetary policy decision tomorrow, Trump once again criticized the central bank as "very early and very tough" with quantitative tightening, and would like to see the opposite Big "cuts."

Trump: Talks with China are going well

US President Donald Trump said on Tuesday that trade negotiations with China were "going well" and Beijing was "ready to give up a lot" to reach an agreement. However, he is not sure whether he will accept the "China offer," stressing that "there will be a great deal with China or nothing at all."

The president went on to say he wanted to make a trade deal with Brazil.

Trump: If you wait for China, you'll get a tough deal or nothing at all

On the other hand, US President Donald Trump said on Tuesday that the Chinese economy is "working very badly" and that the US economy has largely exceeded it in the past three years. He said his team had been negotiating with the Chinese now but they had always tried to change the deal for them. He concluded by saying that although China might get a better deal with another president, if he won the next election, they would get a "stricter" deal from the current deal or they would not get one at all.

"China's performance is very bad, the worst year in 27 years - it was supposed to start buying our agricultural product now - there is no evidence that they are doing it, this is the problem with China, they do not find it," said Trump. But they always change the deal in their favor, they are likely to wait for our elections to see if we get a Democrat like Slippy Joe, then they can make a great deal, like in the last 30 years, Re-division of the USA, even bigger and better than ever Doanh, but the problem waiting is that if you win, the deal will be much harder than negotiating it now ... or no deal at all. We have all the paperwork, our leaders and former did not get it! ".

Trump's comments come after the two countries began their first high-level talks since the G20 summit in June in Japan in Shanghai earlier in the day. However, it was reported that either side expected significant progress in the current round of talks.

Dollar trading against currencies
  • The dollar index, which measures the strength of the dollar against a basket of six major currencies, rose 0.1% to 97.877.
  • The greenback was up against the yen, with USD / JPY shedding 0.2% to 108.58
  • GBP / USD fell 0.5% to hit 1.2159.
  • While the EUR / USD stabilized at 1.1144.
  • The USD / CAD was up 0.1% at 1.317.


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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