W3Schools

Currencies: Dollar climbs, amid Trump’s fresh calls for weaker currency, dovish Fed

The U.S. dollar started the week modestly stronger, amid further optimism on trade and calls for a weaker greenback from President Donald Trump.

The U.S. and China are reportedly inching closer to agreeing a trade deal, as per a report by the Wall Street Journal over the past weekend, which introduced fresh optimism into financial markets on Monday.

“The greenback is currently drawing strength from the latest uptick in U.S. Treasury yields, which are surging on the back of trade optimism, and whose increase amplifies the dollar’s carry appeal via widening interest rate differentials,” said Marios Hadjikyriacos, investment analyst at XM.com, in a note to clients.

>>> Original Source <<<

Comentários