The US president’s attack on the Fed leader also brings concerns about possible financial policy politics in the country.
The US dollar continues to get cheaper in relation to Euro, Pounds Sterling and Yen at the auction on Tuesday, April 22. The American currency pressure is to fertilize the country’s economic destruction as a result of a trade war released by the White House. Trading economics reported it.
US president Donald Trump’s attack on the head of the Federal Reserve System (FED) Jerome Powell also created concerns about possible political politics in the country, a potential slowdown of the Fed and weakening the trust of dollar investors in the dollar.
Trump published Monday, April 21, a new post on Social Network Truth Social, where he called Powell “Great Loser” and asked for an immediate decline in the federal reserve bet.
The calculated Ice DXY index, which shows the dollar dynamics related to six currencies (Euro, Swiss Franc, Yen, Canadian dollar, pound sterling and Swedish crown), losing 0.2%, wider WSJ dollar index – 0.25%. On Monday, DXY updated a minimum of February 2022.
A pair of euro/dollars according to 7:55 kch on Tuesday rose to $ 1.1544 С $ 1.1514 to close the previous session. The course of the European currency has been kept maximum since November 2021.
The cost of the dollar pounds rose to $ 1.3415 with $ 1.3381 on the eve.
The dollar rate paired with Yena was submerged during the auction at 139.99 yen from 140.87 of the yen following the results of the previous trade.
The dollar Rouge was paired in the coast of 7.3100 Yuan against 7.2935 Yuan according to the results of the previous bid.
As we have written, on the eve of the NBU they have 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.
The dollar collapsed because of Trump’s plans to remove the Fed leader
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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.