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Dollar is down after the China-US trade war fears

2019-05-13 12:59 pm | Resource: NEWS | No Views : 106

 Dollar is down after the China-US trade war fears

The US dollar fell against its major counterparts in the European session on Monday, as hopes of a federal interest rate cut boosted tariffs on Chinese goods last week.

At the end of the US decision to raise tariffs, Federal Reserve Chairman Rafael Postic said in his speech in Mississippi that he did not rule out whether the new tariff could cut interest rates.

Trump: China will be severely damaged without agreement

US President Donald Trump warned on Monday that Beijing would be "deeply hurt" if China did not make a trade deal with Washington.

"I tell President Xi and all my many friends in China that China will be badly hurt if you do not reach an agreement because companies will have to leave China for other countries. ! "

Trump warns of China's revenge of trade

Earlier, Trump warned against a reprisal from China over the New Washington Group of tariffs imposed last week, warning that "many customs companies will leave China to Vietnam and other similar countries in Asia."

US President Donald Trump also directed him to Twitter on Monday to warn China against retaliation for tariffs after Beijing said earlier it would never give in to external pressure. The White House also denied White House economic adviser Larry Kudlo earlier that the United States would pay Chinese tariffs.

Currencies Trading
  • The dollar fell to 1.1253 against the euro.
  • The dollar fell to 1.0061 against the Swiss franc.
  • The dollar fell to a 3-month low of 109.12 against the yen.
  • Against the yen, the pound was down 0.32% against the yen at 142.22000 yen.
  • The greenback was lower against the pound, trading at $ 1.3031.
  • The British currency lost against the euro to trade at 0.8630 euros.
  • The pound dropped 0.34% against the franc to trade at 1.31112.

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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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