Trump had verbal intervention
On the eve of Wednesday night, the US dollar depreciated strongly to most world currencies. His course collapses President Donald Trump, who in an interview to CNN declared too high exchange rate of the national currency, which is hurting the US economy now, and will harm in the long run. In our opinion, now the trend in the decline of the dollar will continue throughout the second quarter. Although perhaps the May meeting of the Fed will be able to reverse this trend, if mega-regulator will be more rigid and resolute in monetary policy issue. Growth usually begins one week before the meeting, to be held May 3. So at least another week and a half dollar’s decline is very likely. Yes, in principle, if the President took the course of weakening, then surely it reaches the desired value it, because at such a position is very easy to intervene, just giving an interview. The only thing that confused, so it’s impermanence Trump. He has already reviewed several issues that are before the election, the voice in the same light, and after an opinion has changed. But in the case of “too expensive” dollar, while Trump remains true to himself. Previously, he also said as much, and that was the first signal to the fact that Trump policy may be a policy of “weak dollar”, in contrast to the “strong dollar” policy prior to it under Barack Obama. And Obama, too, at the very beginning of his reign, the states made a statement that during his leadership of the country, he will adhere to the policy of a “strong dollar.” So if Trump is committed to its goal of reducing the national currency, this trend may continue for a long time … On the eve of Wednesday evening, the US dollar depreciated strongly to most world currencies. His course collapses President Donald Trump, who in an interview to CNN declared too high exchange rate of the national currency, which is hurting the US economy now, and will harm in the long run. In our opinion, now the trend in the decline of the dollar will continue throughout the second quarter. Although perhaps the May meeting of the Fed will be able to reverse this trend, if mega-regulator will be more rigid and resolute in monetary policy issue. Growth usually begins one week before the meeting, to be held May 3. So at least another week and a half dollar’s decline is very likely. Yes, in principle, if the President took the course of weakening, then surely it reaches the desired value it, because at such a position is very easy to intervene, just giving an interview. The only thing that confused, so it’s impermanence Trump. He has already reviewed several issues that are before the election, the voice in the same light, and after an opinion has changed. But in the case of “too expensive” dollar, while Trump remains true to himself. Previously, he also said as much, and that was the first signal to the fact that Trump policy may be a policy of “weak dollar”, in contrast to the “strong dollar” policy prior to it under Barack Obama. And Obama, too, at the very beginning of his reign, the states made a statement that during his leadership of the country, he will adhere to the policy of a “strong dollar.” So if Trump is committed to its goal of reducing the national currency, this trend may continue for a long time …
Related posts
Next posts
- Usdjpy is trying to stabilize near 109 00
- Forecast for coming week Summing up views of
- All eyes on US Nfp
Forex Trading 