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The dollar performance against the currencies at the end of weekly trading

2019-03-01 08:49 am | Resource: News | No Views : 154



 The Dollar is falling against other major currencies in early European trade on Friday, after an optimistic reading that the US economy grew 2.6% annually in the fourth quarter - and more than 3% for the whole year for the first time since 2005 - paid 10-year Treasury yields The highest in three weeks, supporting demand against the dollar.

POWELL: The Fed will be patient with price changes

In other remarks, US Federal Reserve Chairman Jerome Powell reiterated that the US economy was "in a good place" and stressed that the FOMC "will be patient as we determine any future adjustments to the target range of the federal funds rate may be appropriate to support our dual objectives Mandate ", the maximum employment and fixed prices.

Powell outlined a number of indicators that contributed to the current health of the economy. He pointed to the growth in productivity in the business sector, and the various labor market indicators that "at their most favorable levels in decades," in addition to the stability of good prices. He predicted that oil prices are unlikely to fall further, and that "dragging oil on total inflation will ease." However, he acknowledged that "many families are still struggling to meet their expenses" and that "there are some conflicting intersections and conflicting signals about short-term outlooks." The Federal Reserve chairman pointed to slowing growth in Europe and China, as well as doubts about Brexit, trade negotiations and "weakly unexpected" retail sales data for December as reasons for concern.

Biden: Trump did the right thing with Kim

Former US Vice President Joe Biden said US President Donald Trump "did the right thing" when he ended the summit with North Korean leader Kim Jong-un. "The president did the right thing when he moved away, but diplomacy is important, matters of preparation, the president treats everything like a real estate deal," Biden said. While speaking at the University of Nebraska, Biden added that successful negotiations on difficult issues "require tough, solid, solid and consistent diplomacy."

Biden Kim also described him as a "thief" who gave "a great gift the first time".

The US dollar traded against the major currencies
 
  • The euro traded in the red zone against the US dollar, losing 0.11% to trade at 1.1361 at 9:14 CET.
  • The pound retreated against the dollar at the same time by 0.16% as the pair traded at 1.3240.
  • The greenback was up against the Swiss franc with 0.19%, with the dollar trading at 1.0003.
  • The Dollar rose against the Japanese Yen by 0.38% and the USDJPY traded at 111.88.
  • The Australian dollar fell against the US dollar by 0.02% and the Australian dollar traded at 0.7092


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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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