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The dollar is deepening its losses as Washington supports the currency's weakness

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rocky
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The dollar is deepening its losses as Washington supports the currency's weakness

Post by rocky on Thu 25 Jan 2018, 5:59 am

The dollar is deepening its losses as Washington supports the currency's weakness
 25 January 2018 10:57 p
[rtl] Direct : US Dollar deep losses against the major currencies during trading on Thursday, with theweakness of the pro-currency statements, and the expansion of Washington 's protectionist economic policy.[/rtl]
[rtl] 
By 7:45 am GMT, the dollar fell against the euro by 0.07% to $ 1.2417, and fell against the yen at 109.09 yen by 0.1%.
 
While the greenback fell against the pound sterling, recording 1.4255 dollars, or 0.09%, while fell to the lowest level since August 2015 against the Swiss franc to 0.9430 franc by about 0.4%.
 
The US Treasury Secretary yesterday supported the weak performance of the dollar on the sidelines of his participation in the "Davos" conference.
 
The US Trade Secretary also said that Washington is currently in the midst of trade wars, where there are always trade wars, but the difference now is that the United States is present in those wars.
 
While data on economic activity in the United States during the month of the preliminary reading fell to the lowest level in 8 months due to falling service sector performance.
 
The United States applied customs duties on the import of solar panels, a move toward the US president's policy of curbing imports.
 
 The release of US home sales data is due later in the day.




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    Current date/time is Sun 18 Nov 2018, 8:52 am