Pages

MarketPulse.com: Dollar Retreats as Trade War Talk Escalates

The US dollar was set to end the week on a positive note after Fed Chair Jerome Powell testified twice and other Fed speakers signalled a hawkish view on the economy. The USD had appreciated on a weekly basis up until Thursday when President Donald Trump announced a 25 percent tariff on steel and 10 percent on aluminium imports. Markets reacted to the protectionist measure with Trump unfazed by criticism and tweeting that Trade wars are good, and easy to win. The decision turned a USD on the rise against major pairs into a mixed bag. The USD is up against the AUD, CAD, GBP and NZD but depreciated against the EUR and JPY.

4 central banks (RBA, BOJ, BOC and ECB) expected to keep rates unchanged
US wages could rise increasing inflation anxiety
Employment data to be released in the US and Canada

Read Full Article at Market Pulse

By:Alfonso Esparza
Senior Currency Analyst at Market Pulse




By

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
  • How to Compute Dividend and Patronage Refund for Cooperatives
    You'll need the Audited FS of your cooperative to start with. the following data's are important in computing the Dividend and Pa...
  • FICCO Assists Coop Banks
    What started as a small, closed-type credit union, the First Community Cooperative (FICCO) is now into helping cooperative rural banks get ...
  • Types of Loan - FICCO
    With certain limitations, a member may avail of several loans at the same time depending on his capacity to pay, the collateral he can offer...
  • Why Do Coops Fail?
    You ask a most relevant question: Why did/do cooperatives fail? But you prefaced it with the phrase: "With all the members' trust, ...
  • RA 9520 Philippine Cooperative Code
    Republic of the Philippines Congress of the Philippines Metro Manila Fourteenth Congress Second Regular Session Begun and held in Met...
  • DCCCO Deposit Products and Interest Rates
    Dumaguete Cathedral Credit Cooperative or DCCCO Regular Savings average daily balance to earn interest - P1,000.00 minimum required for M...