Dollar rises as Trump blames Federal Reserve for markets losses

2019-08-14 19:55:03 GMT (Economies.com)
Dollar rises as Trump blames Federal Reserve for markets losses

US dollar rose against a basket of currencies, after sharp losses in global stock markets in addition to Trump's criticism of US Federal Reserve.

 

Donald Trump said that the US Fed is late to cut interest rates to face the slowing growth, and blamed Wall Street losses on the central bank.

 

Whilst, denying that his tariffs decisions are the main cause for the economic growth slowdown and global markets' volatility, defending it by saying that it generates billions of dollars to the federal budget.

 

The US released data today which showed that import prices rose 0.2% in July.

 

By 17:57 GMT, dollar index rose against a basket of currencies by 0.1% to 97.9 points, with a high of 98 and a low of 97.6.

 
 
 
  Symbol Last Change Chg.%
1.1091
-0.0102
0.9113%
1.2147
0.0087
0.7243%
17.104
0.128
0.753%
54.800
0.550
1.014%
58.65
0.42
0.72%
1512.265
14.840
0.991%
 
 
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