Dollar holds, in wait for stimulus in global markets

2019-04-15 19:13:50 GMT (Economies.com)
Dollar holds, in wait for stimulus in global markets

The US dollar rebounded from minor losses earlier in today's trading and turned to stability against most of the major currencies amid investors' anticipation of stimulus in global markets.

 

US Treasury Secretary Steven Mnuchin praised the course of events during the US-China trade negotiations, saying the two countries are close to reaching a final agreement.

 

Last week, Mnuchin announced that Washington and Beijing had agreed on a mechanism to implement a possible trade deal once it is reached.

 

On the other hand, US President Donald Trump continued his criticism of the Federal Reserve and its monetary policy, pointing out that the central bank slowed the pace of economic growth.

 

Trump added that without the central bank's monetary policy, Wall Street would have risen by around 5,000 and 10,000 points and the economy would have grown more than 4% instead of 3%.

 

In terms of trading, by 17:22 GMT, the dollar index settled against a number of major currencies at 96.9 points, with a high of 96.9 points and a low of 96.7 points.

 
 
 
  Symbol Last Change Chg.%
1.1147
-0.0097
0.8658%
1.2898
-0.0104
0.7999%
14.914
-0.091
0.606%
65.733
1.722
2.691%
74.57
0.06
0.08%
1273.795
-1.905
0.149%
 
 
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