Dollar stabilized against major currencies during Tuesday trading
2019-02-05 09:05 am | Resource: NEWS | No Views : 192
The dollar settled on recent gains against its major counterparts on Tuesday, amid reports of a consensus between Trump and Jerome Powell. After an official invitation from Powell to Trump for an informal dinner
Powell, chairman of the Federal Reserve, held an "informal dinner" with Trump
Federal Reserve Chairman Jerome Powell held an "informal dinner" at the White House with US President Donald Trump. Federal Reserve Vice Chairman Richard Clarida and Treasury Secretary Stephen Menuchin also attended.
According to a Fed statement. Powell did not discuss his monetary policy expectations, but stressed that the course of the policy will depend entirely on the economic information received and what this means for expectations.
"President Powell said that he and his FOMC colleagues will put in place monetary policy to support maximum employment and stable prices and make these decisions based only on careful, objective and non-political analysis," the statement said. The Fed recently decided to keep interest rates, while Powell said the recent closure of the government could affect the country's GDP in the first quarter. Trump criticized Powell several times, saying he was "frustrated" by him, calling the Fed "the biggest threat."
Fed member Mister: Uncertainty distorts expectations
On the other hand, Federal Reserve Chairman Loretta Mester said the US economy could expect slightly slower growth this year than in 2018, between 2% and 2.5%, which is "still at a higher level of trend" .
However, she warned that uncertainty could negatively affect the outlook and presented the example of the recent government closure.
"Most of our business contacts continue to report that while their concerns about trade policy and global growth are on the rise, their investment plans are still intact, but some large multinationals are becoming more reluctant,
Many manufacturers have said that these tariffs disrupt their supply chains, forcing them to find alternative suppliers or face increased production costs. Should the slowdown in the economies of our major trading partners, including China and Germany, be more severe than expected Or if uncertainty continues to convince more companies to take
"A wait-and-see attitude could slow growth in the US more than expected," Mister said.
US Dollar Trading
- The dollar index, which measures the greenback versus a basket of six major rivals, barely changed at 95.846 after three straight sessions.
- The Australian dollar was up 0.4 percent at $ 0.7255.
- The euro was steady at $ 1.1438, up from a three-week high of $ 1.15145 on Thursday.
- Against the Japanese yen, the dollar rose to 109.93 yen. It rose above 110 yen for the first time in 2018
- Sterling traded against levels of $ 1.3038 after fluctuating during the previous session due to uncertainty about how Britain will leave the European Union.
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…
- Best Opportunities, Vision and Technical Analysis for the GBP/USD pair 17 April 2019 11:04 pm2019-04-16
- Best Opportunities, Vision and Technical Analysis for the EUR/USD pair 17 April 2019 11:00 pm2019-04-16
- Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 16 April 2019 09:02 am2019-04-16
- Best Opportunities, Vision and Technical Analysis for the GBP/USD pair 16 April 2019 09:00 am2019-04-16
- Best Opportunities, Vision and Technical Analysis for the EUR/USD pair 16 April 2019 08:59 am2019-04-16
- Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 15 April 2019 10:05 pm2019-04-14
- Best Opportunities, Vision and Technical Analysis for the GBP/USD pair 15 April 2019 09:46 pm2019-04-14
- Best Opportunities, Vision and Technical Analysis for the EUR/USD pair 15 April 2019 09:33 pm2019-04-14
- Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 12 April 2019 01:19 am2019-04-12
Best trading brokers
- Bitcoin burglars succeed in stealing 140,000 dollars of encrypted currency 2017-11-07
- Euro zone manufacturing PMI widen in June, EUR /USD Slip’s 2017-07-03
- Chairman Gaincarlo just made the most bullish statements in front of the Congress 2018-02-06
- commodities Fundamental analysis aaab 2017-08-13
- job growth slowed by much more than anticipated in the month of March 2018-04-06
- Technical analysis and outlook for most currencies - commodities and Shares for 2019 05:20 pm 2019-01-01
- The last part: the difference between correction and reflection and how to trade them? 09:36 am 2018-12-18
- Difference between correction and reversal and how to trade them? 08:04 am 2018-12-17
- Dogecoin .. Electronic currency arose as a result of irony 03:54 pm 2018-01-26
- Currency and commodity analysis for 2018 05:14 pm 2018-01-01