HomeEconomyThe dollar collapsed because...

The dollar collapsed because of Trump’s plans to remove the Fed leader

Photo: Getty images

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.

News from CORRESPONDENT.NET On the telegram and whatsapp. Subscribe to our channels https://t.me/KorresPondentNet and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

The President signed the Law on 50% of the Motagrass for Veterans

The President of Ukraine signed a law that reduces the cost of a motorcycle by 50% for veterans and persons with disabilities as a result of the war (No. 4369-IX). .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px;...

GBI was struck by anger, the requirement of short -term reconciliations of SOC without Boytsov’s order

Employees of the State Bureau of Investigations exposed military personnel in the Nikolaev area, who demanded that the military left some of the military in exchange for returning to the service. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height:...

In Priluki, the Cisland arrived at the post of drone in his house, where he was killed

The rescuer arrived in Pryluky to eliminate the effects of a drone that fell into his house, where his family was killed. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...