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Dollar Rises, Yen and Franc Slump as Risk Appetite Rises

2019-09-11 12:17 pm | Resource: News | No Views : 25

Dollar Rises, Yen and Franc Slump as Risk Appetite Rises

 The dollar rose against the major currencies, especially the yen and the Swiss franc fell during trading Wednesday as demand for safe havens fell in favor of high-risk investments, as the focus shifted towards the European Central Bank meeting tomorrow.

 Trump urges Fed to cut interest rates to "zero or less"

The US Federal Reserve has cut interest rates to zero or less so the United States can begin refinancing its debt, President Donald Trump said on Wednesday. He added that the United States should always pay the lowest interest rate, but the "naivety" of Federal Reserve Chairman Jerome Powell does not want to allow it to do what other countries already do.

 "The Fed should cut our interest rates to zero, or lower, and then we should start refinancing our debt," Trump wrote. "The cost of interest can go down, while at the same time it goes on for a long time. We have a wonderful currency, strength and budget." Only the naivety of Jay Powell and the Federal Reserve does not allow us to do what other countries are already doing, a lifetime opportunity that we miss because of "bad minds".

The president also said last week that Powell's appointment as Fed chairman was a mistake.

The markets are following the developments of trade talks between the United States and China and the calm of the dispute between them, as well as the possibility of a British exit from the EU without a deal, which reduced the global uncertainty that affected the markets in the past period.

 Dollar Trading
  •  The dollar index rose against the major currencies by 0.16% to settle at 98.65 points.
  • The dollar rose 0.16% to trade at 107.71 yen,
  • The US currency rose 0.11% to 0.993 Swiss francs, at 01:12 pm CET.
  •  Against the Pound, the greenback was down 0.21% to trade at 1.2342.
  • The euro fell against the dollar to go at 1.10072 at 02:00 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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