Страници

Sunday, 2 July 2017

The dollar with the worst quarter for years

The president Donald Trump goes firmly to his goal - the US dollar has finished its worst quarter for years.
According to Trump, any weakness of the dollar is a major goal of his administration. The president's logic is that the weak US currency will stimulate companies and, accordingly, the country's economy.
Green money rose to a peak of 14 years in December, but since then it has become cheaper as a result of expectations for measures by the new administration.
In the second quarter, the dollar index, measuring the performance of the US currency against other major currencies, fell by 4.6%. This was its worst quarter since the third quarter of 2010.
The disappointing data on the US economy, coupled with good European data, helped to guide the dollar in the direction desired by Trump.
In addition, central banks around the world have expressed the view that it is time to change the course of their current stimulus policies. Including in Europe. This gave an extra boost to the euro.
The only weak link, at this stage, remains Japan. There the incentives are expected to last longer than in the rest of the world.

No comments:

Post a Comment