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Tuesday 24 July 2018

Trump does not like the Fed's policy

When Donald Trump does not like something, he does not bother to share it. Even if this can have consequences on financial markets. Last week, the US president criticized the Fed's policy.
According to the president, every time when Us economy goes up, FED wants to raise rates. And Trump's really not happy about this.
And Trump's comments have led to a certain decline in the dollar against other major currencies on Thursday.
The yuan has been distinguished from the depreciation of the dollar. The Chinese currency has fallen to over one year's bottom.
Investors continue to worry about the decline of the yuan against the US dollar. The Chinese currency reached 6.8106 yuan per dollar, with the psychological limit of 6.8 being exceeded for the first time in more than a year.
China Central Bank announced a rate of 6.7671 yuan before opening the market on Friday, which was the lowest level in a year.
According to analysts, Trump's remarks can trigger investors who think buying dollars to postpone their deals.
Trump's comment on Thursday is not the first in which the president expresses dissatisfaction with the strong dollar. Earlier, in interview with Wall Street Journal Trump had said even more openly that the dollar was "too strong".


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