Dollars when America ends negotiations with China
The dollar fell on Friday after a few gains earlier with the U.S. ending trade negotiations with China without breakthrough.
USD index, the dollar Strength measurement index against the currency basket, fell 0.1% to 95.44 at 1:18AM ET (0518GMT).
The 2-day negotiations between the United States and China ended without breakthrough.
The White House spokesman, Lindsay Walters, said in a short notice: "We ended 2 days of negotiations with China and have exchanged a relationship on how to get fair, balanced and back in the economic relationship."
Meanwhile, the US has imposed a tax rate of 25% to 16 billion DOLLARS in Chinese goods. China has also responded to U.S. commodities.
Investors can redirect interest in Powell's speech at the Jackson Hole conference, end today.
The market will focus its attention on the speech of the FED's president concerning the independence of the central bank after President Trump said the beginning of the week that he was "not happy" about the recent FED raise interest rates lately and is said to have stated At a fundraiser he wished Powell was a low interest president.
Masafumi Yamamoto, head of the strategic analysis at Mizuho Securities, said: "I think Powell could imply whether the political pressure, FED can continue to raise interest rates as far as the US economy continues to grow well."
"If the market confirms that, I think the dollar's strength will increase, especially compared to copper and the dollar rate will reach 112 or the high of 7 months, at 113."
USD/JPY rate increased by 0.1% to 111.41. The dollar rose by about 0.7% over the yen on Thursday after the FED's meeting announcement showed they were discussing the early interest rate increase.
The AUD/USD rate increased by 0.5% to 0.7285 after the free party's vote elected Mr. Scott Morrison, the finance minister, as Prime Minister of Australia.
The Hong Kong dollar also received attention when the Hong Kong Monetary Authority (HKMA), the central bank of the island nation, had to intervene and buy 1.8 billion in Hongkong (225 million) to keep the local currency after the dollar increased after the US-central negotiations. The Hong Kong dollar has touched the floor level of the allowable exchange rate, 7.85 Hongkong, 3rd day.
USD index, the dollar Strength measurement index against the currency basket, fell 0.1% to 95.44 at 1:18AM ET (0518GMT).
The 2-day negotiations between the United States and China ended without breakthrough.
The White House spokesman, Lindsay Walters, said in a short notice: "We ended 2 days of negotiations with China and have exchanged a relationship on how to get fair, balanced and back in the economic relationship."
Meanwhile, the US has imposed a tax rate of 25% to 16 billion DOLLARS in Chinese goods. China has also responded to U.S. commodities.
Investors can redirect interest in Powell's speech at the Jackson Hole conference, end today.
The market will focus its attention on the speech of the FED's president concerning the independence of the central bank after President Trump said the beginning of the week that he was "not happy" about the recent FED raise interest rates lately and is said to have stated At a fundraiser he wished Powell was a low interest president.
Masafumi Yamamoto, head of the strategic analysis at Mizuho Securities, said: "I think Powell could imply whether the political pressure, FED can continue to raise interest rates as far as the US economy continues to grow well."
"If the market confirms that, I think the dollar's strength will increase, especially compared to copper and the dollar rate will reach 112 or the high of 7 months, at 113."
USD/JPY rate increased by 0.1% to 111.41. The dollar rose by about 0.7% over the yen on Thursday after the FED's meeting announcement showed they were discussing the early interest rate increase.
The AUD/USD rate increased by 0.5% to 0.7285 after the free party's vote elected Mr. Scott Morrison, the finance minister, as Prime Minister of Australia.
The Hong Kong dollar also received attention when the Hong Kong Monetary Authority (HKMA), the central bank of the island nation, had to intervene and buy 1.8 billion in Hongkong (225 million) to keep the local currency after the dollar increased after the US-central negotiations. The Hong Kong dollar has touched the floor level of the allowable exchange rate, 7.85 Hongkong, 3rd day.
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