Fed leader Jerome Powell, did not directly fall into the US president, but the latter could affect the procedure for his office removal.
The dollar collapsed on Monday, April 21, as investors in the US economy are confident again. The reason for this is US president Donald Trump’s desire to change the Federal Reserve System (FED), which doubts the freedom of the central bank. Reuters reported it.
White House economic advisor Kevin Gasset said Friday, April 18 that the President and his team are continuing to study the possibility of dismissing Fed leader Jerome Powell.
As a result, the dollar rate fell to a ten -a minimum related to Swiss pounds. Whereas Euro rose above $ 1.15, and New Zealand’s dollar for the first time in more than five months returned to the level of $ 0.6.
The dollar also fell to a seven -month minimum of 140.615 related to Yen. At the same time, Pound Sterling grew more than 0.5% to $ 1.33855, reaching a maximum from October 1, Australia’s dollar increased to a four -month maximum of $ 0.6427.
“Powell does not submit directly to Trump, so Trump will not really burn him. He can be removed from the office just for a few ways that require good effort … But the President can influence the mechanisms that break the Fed’s so -called freedom? Fed freedom,” said Vishnu Vishnu Varatan, a Japanese Banking company representative Mizuho Financial Group company.
Remember that on the eve of the NBU they said that in recent days, Ukrainians have sold more money than they buy. The average day -to -day demand in the cash foreign exchange market in April was reduced to $ 17 million from $ 31 million in March.
In addition, on April 17, the National Bank left the accounting rate at 15.5% each year. At the same time, the regulator ensures that if the risks are strengthened, it will hold the accounting rate at the current level longer than the updated MacRO -Drift, and will be ready to take additional steps.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.